Automobile dealers body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 2,71,249 units on the back of the pent up demand continuing from the festive season. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,270 out of the 1,477 regional transport offices (RTOs), PV sales stood at 2,18,775 units in December 2019. Two-wheeler sales increased 11.88 per cent to 14,24,620 units last month, as compared to 12,73,318 units in December 2019. Commercial vehicle sales, however, slipped 13.52 per cent to 51,454 units in December 2020, as against 59,497 units a year ago. Similarly, three-wheeler sales fell 52.75 per cent to 27,715 units last month, from 58,651 units in December 2019.
Royal Enfield retailed motorcycles like the Classic 350, Bullet 350, Meteor 350, Himalayan, Continental GT 650 and Interceptor 650, in India in December 2020.
Automakers firm up growth plans for 2021 with cautious optimism
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Last Updated: Jan 03, 2021, 12:07 PM IST
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While Kia Motors is looking to ramp up production, Toyota is all set to bring in new products and Hyundai aims to carry over its strategy of bringing in industry-first innovations to the market.
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NEW DELHI: With 2020 finally over, several leading automakers are now looking to carry on with their plans in 2021 even as several challenges like supply chain issues still continue to impact the market.
While Kia Motors is looking to ramp up production, Toyota is all set to bring in new products and Hyundai aims to carry over its strategy of bringing in industry-first innovations to the market.
This safety feature is mandatory in many countries but Indians have been deprived of this crucial addition in passenger cars because of a multitude of factors.
Despite improving indicators uncertainty around CV sales continues: Ind-Ra
Despite improving indicators uncertainty around CV sales continues: Ind-Ra
Last Updated: Tue, Dec 29th, 2020, 13:05:00hrs
New Delhi: The sales of domestic commercial vehicles (CVs) could take longer to recover than expected, despite the improving macro-economic indicators, the India Ratings and Research (Ind-Ra) said on Monday.
Accordingly, this is due to the spare capacities created in the system driven by the peak sales achieved during FY18-FY19 and implementation of revised axle load norms coupled with reduced fleet utilisation. While medium and heavy commercial vehicle (MHCV) sales are unlikely to recover before 4QFY22, that of the light commercial vehicles (LCVs) have started to recover as they provide the last mile connectivity and because of increased e-commerce activities, the Ind-Ra said in a statement.