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Ford India exit: FADA urges government to monitor dealer compensation plan
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Auto sector rebounds! PV retail sales jump 43% over strong pent-up demand in June
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Vehicle sales declined by 13 per cent in February Fuel price hike cited as reason
Vehicle sales have declined 13 per cent in February with the entry level two-wheeler segment sales falling 16 per cent as global crude prices have shot up. However, the passenger vehicle segment saw growth of over 10 per cent because of a low base last year, automobile dealers’ body FADA said on Tuesday.
The two-wheeler segment continued to see sluggish demand as the new wave of Covid in certain states kept customers away. Enquiry levels also narrowed as many educational institutions were still reluctant to open.
“Fuel prices are at their historic high this has affected sales in the entry-level price-sensitive category,” FADA president Vinkesh Gulati said.
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Hyundai nears 25 years of success in India here’s how this carmaker crossed the 9 million-mark, beating peers like Mahindra and Tata Motors
Hyundai nears 25 years of success in India here’s how this carmaker crossed the 9 million-mark, beating peers like Mahindra and Tata Motors
Navdeep YadavFeb 17, 2021, 17:13 IST
BCCL
Hyundai holds the second-largest share of the pie in India after Maruti Suzuki.
The market which was then dominated by popular automobile manufacturers Maruti, Hindustan Motors, Premier Automobiles was a tough one to crack for a company which was unknown to almost every Indian.
However, to give a tough competition, the carmaker came up with a different strategy. It introduced cars with extra comfort and more features.
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