Vehicle registrations decline by 8% in October, but festive season boosts buyer sentiments

Vehicle registrations decline by 8% in October, but festive season boosts buyer sentiments

Vehicle registrations – a proxy for retail sales – declined by 8% last month with customers deferring deliveries during the inauspicious ‘shraddh period’, however, buyer sentiments remain strong in the ongoing festive season. According to data collated by Federation of Automobile Dealers Association (FADA), 2,117,596 vehicles were registered last month, which is a decline of … Read more

Two-wheeler sales surge in festive season: Hero MotoCorp leads with 26.4% growth

Two-wheeler sales surge in festive season: Hero MotoCorp leads with 26.4% growth

Sales of motorcycles and scooters in the local market increased in healthy double-digits last month amid improved consumer sentiments in the ongoing festive season. Market leader Hero MotoCorp reported a growth of 26.4% to sell more than half a million units in the domestic market in the month under consideration. The company said it expects … Read more