Photo: The New Indian Express
Automobile Industry Grows by 34% In July 2021 Than Last Year
The Automobile industry has seen positive growth of 34.2% in July 2021 than July 2020, according to the Federation of Automobile Dealers Association (FADA). Last year in July 2020, people purchased 11.6 lakh vehicles and now it has increased to 15.56 lakh vehicles. The commercial vehicles sales increased by 166%, followed by 83% in a three-wheeler, 63% in passenger vehicles, and 27% in a two-wheeler, and 6% in tractors.
Tags: Automobile, Sales, Retail Auto Sales, FADA, Growth
Courtesy: ANI
Photo: News & Star
Festivals Boost Demand for Automobiles in August; 4% Up From July
Retail auto sales boosted in August on account of festivals like Ganesh Chaturthi and Onam. Going by the reports of vehicle registrations' data, the demand increased by 4% in August from July in the country. However, experts feel that the sales might fall in September as some customers consider the first 17 days of the month inauspicious. Nonetheless, they hope for demand's revival in October-November owing to Diwali and Navratri.
Tags: Retail Auto Sales, Ganesh Chaturthi, Onam, Diwali
Courtesy: The Economic Times
