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,…
The domestic sales of three-wheelers increased the most in September of the current fiscal year. A total of 50,626 units were sold domestically in September, up from 29,191 units in the same month the previous year, according to figures from the Society of Indian Automobile Manufacturers (SIAM). The data showed that between April and September,…
Hinduja group flagship Ashok Leyland has signed an agreement with Mahindra First Choice Wheels (MFCW), a leading player in the used vehicle segment, to launch an exclusive hybrid ecosystem for it’s used Commercial Vehicle (CV) business. This Phygital platform will facilitate exchange, proper disposal and purchase of old Commercial Vehicles. With an entry into this…
