Ford Pulling The Plug On Indian Market – Its Impact, Implications
This very drastic step has been brewing in Ford’s boardrooms for some time due to consistent fall in its sales. It did not have products to compete with the Japanese and Korean carmakers.
August Auto Sales Slide by 11.35% Due To Strong Double-Digit Decline in 2Ws
The overall fall in sales is the result of the 2W segment facing tremendous pressure owing to high fuel inflation and escalating cost of ownership (due to commodity price pressures).
Auto Retail Sales Up 14.48% In Aug, Low Inventory Levels Likely To Dampen Festive Sales
PV dealers continue to face the problem of the supply mismatch due to a shortage of semiconductors in a few brands. Also, the non-availability of the fast-moving variants in the PV segment is a major challenge, due to which the apex body for automotive dealers, FADA, warns of a lacklustre festive season.
EV Retail Sales Touches 28,906 Units In August 2021
E2Ws largely drove the EV sales in August at 51.5%, followed by passenger e3Ws, which contributed 39.3%, and cargo e3Ws contributed to only 5.2%.
On A Tightrope, PV Sales Climb 11% In August 2021
PV sales is walking on a tightrope as numerous challenges are posed on the production of vehicles, such as the rising input cost of raw materials and shortage of semiconductors.
Hyundai, Kia Corner One in Every Three Utility Vehicles Sold in India
Hyundai Motor India and Kia India have benefitted from the right product placement. Their sub-compact and mid-sized SUVs account for about 80% of the total UV market in India.
July Auto Retail Sales Up By 34.12% At 15,56,777 Units: FADA
The surge in auto retail sales is due to the low base effect and revival in economic activity, which was curbed due to lockdown in earlier months.
Record Retails Sales For EVs In July, The Highest Ever In The Last 14 Months
In contrast to earlier months when electric three-wheelers (E3W) led EV sales, in July, the EV sales is largely aided by the electric two-wheeler (E2W) registrations post the announcement of increased incentives under the FAME-II scheme.
Two-Wheelers Continue To Ride on Bumpy Road In July 2021
There has been a 15-20% rise in ownership cost of two-wheelers in the last year. Rising petrol prices have further acted as a dampener for the segment.
Passenger Vehicles Sales in July Soar 49% On Back Of Pent-up Demand, Low Base
Notwithstanding the threat of a third COVID wave, the PV segment may continue to post strong numbers in the coming months as the basic fundamentals continue to be strong, aided by high number of pending orders.