Car sales drop by 14% in November, 2-wheelers see 16% jump: FADA

Quick Summary:

Tractor sales, however, saw an impressive 29.

Contributing factors included restricted product choices, older model issues, limited financier support, and the absence of major festivals in November following a strong October.

This sets a tone of cautious optimism, with a moderate chance of improved sales compared to November,” Vigneshwar added.

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Category: BusinessFinance

Markets: India

Topics: Tractor sales Federation of Automobile Dealers Associations PV inventory Deepawali sales spillover Tata Motors Mahindra and Mahindra Marriage season impact Rural market impact November automobile sales Two-wheeler sales Maruti Suzuki Passenger vehicle sales Three-wheeler sales Festive demand Automobile retail sales FADA Toyota Kirloskar Motor Hyundai Motor India Commercial vehicles Passenger vehicles

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 10:40:56 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © Business Standard

News ID: 24262948

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