Due to the GST reform, holiday and rural demand, and overall sales increased 40.5% year over year (YoY), India’s car retail sector reached a record high in October. The 42-day festival season from Dussehra to Diwali recorded record figures with a 21% YoY growth, solidifying it as the strongest festive cycle in India’s automotive history,…
JK Tyres & Industries stated on Tuesday that the industry is anticipated to increase at a double-digit rate due to a rebound in demand for compact automobiles and two-wheelers in India during the past two years. “The last couple of years back, when the auto sector was experiencing a slight slowdown because of Covid, the…
According to the Society of Indian Automobile Manufacturers, increased semiconductor supply and seasonal demand led to a 21% yearly surge in passenger car wholesales in India in August. According to the most recent information provided by the industry group Society of Indian Automobile Manufacturers (SIAM), deployments of passenger vehicles (PVs) to dealers totaled 2,81,210 units…
