by AIP Online Bureau | Jan 3, 2025 | Data, Eco/Invest/Demography, Non-Life, Policy
In 2024, EV sales reached 1.95 million units, up from 1.5 million in 2023. EV penetration also went up to 7.5%, compared with 6.39% in the previous year. Driven by rising private consumption and disposable incomes, India saw vehicle retail sales increase by at least...
by AIP Online Bureau | Dec 24, 2024 | Eco/Invest/Demography, Features, Non-Life, Technology
SIAM Director General Rajesh Menon said the passenger vehicle segment continued its steady performance led by sustained demand for SUV segments and good adoption of new energy vehicles, such as electrics, hybrids and gaseous fuel vehicles New Delhi: Traversing from...
by AIP Online Bureau | Dec 9, 2024 | Data, Eco/Invest/Demography, Policy
“although rural interest was present, it failed to significantly improve sentiment. Inventory levels have reduced by about 10 days, but to remain high at around 65-68 days”FADA President, C S Vigneshwar New Delhi: Retail sales of vehicles across categories...
by AIP Online Bureau | Oct 7, 2024 | Eco/Invest/Demography, Indian News, Non-Life
According to FADA President C.S Vigneshwar, “the Shraddh period further impacted sales negatively, leading to a YoY decline in retail sales across various categories” New Delhi: Passenger vehicle retail sales have dropped further and fell sharply by 19 per cent...
by AIP Online Bureau | Sep 6, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Non-Life
Despite this monthly setback, the sector witnessed a modest 2.88 percent year-on-year (YoY) growth compared to August 2023 New Delhi: Auto retail sales in India experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon...
