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August auto sales dip due to excess rainfall, FADA urge banks to tighten funding to dealers

August auto sales dip due to excess rainfall, FADA urge banks to tighten funding to dealers

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...
Maruti leads drop in Indian carmakers’ sales to dealers in July as demand cools

Maruti leads drop in Indian carmakers’ sales to dealers in July as demand cools

by AIP Online Bureau | Aug 1, 2024 | Eco/Invest/Demography, Indian News, Non-Life

“For about two years, the industry has grown substantially. One year of consolidation is expected, so this year would be flattish. Hardly any growth can be expected in the passenger vehicle industry this year” Amit Hiranandani, automobile sector lead...

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