OLX Autos
Pent-up Demand for Cars not a One-time Festive Phenomenon, its here to Stay: FADA, ACKO, Ford, OLX at OLX Auto Talk 2.0 ANI | Updated: Dec 29, 2020 18:21 IST
New Delhi [India], December 29 (ANI/NewsVoir): Auto industry experts from FADA, Ford India, ACKO Insurance & OLX Autos opine that pent-up demand for cars is not a one-time festive phenomenon and it s here to stay.
At a recently held industry discussion by OLX Autos India called OLX Auto Talk 2.0, which brings together prominent voices in the automobile industry to discuss pertinent issues in the ecosystem, experts from FADA (Federation of Automobile Dealers Associations), ACKO & Ford India said that new car, used car and dealer ecosystem witnessed green shoots of recovery this festive season and the trend is here to stay for a few more months in 2021. The second edition of the virtual industry roundtable saw the participation of Mr. Manish Raj Singhania VP FADA, Mr. Anuj Tyag
Pent-up demand for cars not one-time festive phenomenon
indiagazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiagazette.com Daily Mail and Mail on Sunday newspapers.
Despite improving indicators uncertainty around CV sales continues: Ind-Ra
daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Commercial vehicle sales in India could take longer to recover than expected despite improving macro-economic indicators, according to India Ratings and Research (Ind-Ra). The light commercial vehicles (LCVs) segment has started to recover as they provide last mile connectivity and because of increased e-commerce activities but medium and heavy commercial vehicle (MHCV) sales are unlikely to recover before the fourth quarter of 2021-22, it said. The ratings agency reiterated that MHCV sales could decline by 35-45 per cent year-on-year (y-o-y) in FY21, though the decline in LCV sales is likely to be contained within 20-25 per cent. In FY22, the industry could see sales growth in double digits, especially due to the low base of FY20-FY21, it said in a statement.
Commercial vehicle sales might take more time to recover than expected, says India Ratings
The light commercial vehicles (LCVs) segment has started to recover as they provide last mile connectivity and because of increased e-commerce activities
PTI | December 28, 2020 | Updated 14:10 IST In FY22, the industry could see sales growth in double digits, especially due to the low base of FY20-FY21, Ind-Ra said in a statement
Commercial vehicle sales in India could take longer to recover than expected despite improving macro-economic indicators, according to India Ratings and Research (Ind-Ra). The light commercial vehicles (LCVs) segment has started to recover as they provide last mile connectivity and because of increased e-commerce activities but medium and heavy commercial vehicle (MHCV) sales are unlikely to recover before the fourth quarter of 2021-22, it said.