Diabytes
FADA News
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FADA said that July is likely to witness mixed fortunes driven by agrarian tailwinds and school reopenings, yet tempered by seasonal headwinds, elevated price points and liquidity constraints.
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The FADA data shows that the April retail sale was registered at 12,233 units.
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The first half of October 2023, marked by the Shraddh period when people largely stay away from big-ticket purchases, saw an 8 per cent YoY decline in vehicle sales.
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During the Navrati period, an 11 per cent increment for domestic vehicle sales was recorded
A 40 per cent rise in sales is expected to private vehicles sales during the Diwali season
High demand for SUVs is observed, Maruti Suzuki Brezza remained highest-selling SUV in India
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FADA represents over 15,000 automobile dealers having 26,500 dealerships across the country.
FADA said that automotive dealers have lost around Rs 2,485 crore since 2017 due to the exit of five OEMs from the country.
Gulati urged the government to formally initiate a discussion on the Automobile Dealers' Protection Act.
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The drop in sales was witnessed across all automobile categories.
Two-wheelers sales dipped by 53% while passenger vehicles saw a 76% dip.
Tractors and commercial vehicle sales dipped by 57% and 66%, respectively.
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FADA has written to Finance Minister and RBI Governor.
The industry body has urged to give a moratorium.
The body has also suggested the RBI to reduce interest rates.
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Two-wheeler sales declined 16.08 percent.
Commercial vehicle sales also slipped 29.53 percent.
Three-wheeler sales fell 49.65 percent.
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PV sales stood at 2,94,817.
Two-wheeler sales declined 8.78%.
Commercial vehicle sales slipped 24.99%.
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2-Wheeler degrew by 26.82%.
3-Wheeler degrew by 64.50%.
CV degrew by 30.32%.
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2-Wheeler posted degrowth by 12.62 percent
3-Wheeler degrew by 58.86 percent.
CV degrew by 33.65 percent.
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On yearly comparison, 2-Wheeler segment witnessed degrowth by -28.71%
3-Wheeler degrows by -69.51%
CV degrows by -57.39% and PV by -7.12%.
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On a Year on Year basis, 2-Wheeler segment showed degrowth by 40.92 percent
3-Wheeler showed degrowth by 75.43 percent.
CV showed degrowth by 83.83 percent, and PV by 38.34 percent.
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FADA said that demand Trend in first 10 days of June shows extremely weak consumer sentiment.
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Vehicle registrations in the country declined 15 per cent on a year-on-year basis to 16.06 lakh units after two months of positive growth, data from Federation of Automobile Dealers Associations (FADA) showed on Tuesday. FADA's statement said that it looks forward to demand spurring initiatives in the Union Budget 2020 and specific initiatives for the auto industry based on its feedback for the faster revival of much-needed sustainable growth.
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Two-wheeler sales declined by 8.6 percent to 14,07,361 units last month as compared with 15,40,377 units in the year-ago period.
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According to FADA, total registrations during the 42-day festive period, which fell between October 10 and November 20 this year, stood at 20,49,391 units.
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The stimulus by way of cut in excise duty on passenger vehicles announced in the Interim Budget should be retained in the regular Union Budget, the Federation of Automobile Dealers Association has said.
Automobile dealers' body Federation of Automobile Dealers Associations (FADA) has honoured Tata group Chairman Emeritus Ratan Tata with Life Time Contribution Award.
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