India’s automotive industry is a cornerstone of the nation’s manufacturing and economic growth, contributing 7.1 per cent to India's GDP.
A bevy of heritage automobiles rolled down the red carpet at the much-awaited 58th Edition of The Statesman Vintage & Classic Car Rally in the national capital on Sunday.
In January, automobile retail sales in India rose 7 per cent year-on-year at 22,91,621 units, data from the dealers body Federation Of Automobile Dealers Associations (FADA) said.
Chief Minister of Assam Himanta Biswa Sarma on Monday invited automobile giants from South Korea to invest in Assam.
December 2024 proved to be a setback for the automobile sector with total retail sales declining by 12 per cent year-on-year, data shared by the Federation of Automobile Dealers Associations (FADA) said.
The automobile retail sales in November fell below market expectations, posting an 11.2 per cent growth compared to the same period last year. The development comes following a lucrative festive season in October.
The downward revision reflected delays in the recovery of automobile exports, impacted by certification-related issues with certain manufacturers.
Inventory levels in passenger vehicles in June reached an all-time high, ranging from 62 to 67 days, the report said
Under the amended scheme, the incentive will be applicable for a total of five consecutive financial years, starting from the financial year 2023-24.
The data released by the Federation of Automobile Dealers' Associations (FADA) attributed the spike the sales to a positive market sentiment driven by favourable monsoon.
