Domestic passenger vehicle sales decline amid high dealer inventory

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The story "Domestic passenger vehicle sales decline amid high dealer inventory" was covered 10 hours ago by Business Standard, a news publisher based in India.

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Domestic passenger vehicle sales decline amid high dealer inventory - Business Standard

Quick Summary:

The Mini segment cars (Alto and S-Presso) remained resilient at 9,960 units while Compact segment cars (Baleno, Celerio, Dzire, Ignis, Swift, and WagonR) fell by 12.5 per cent.

Bajaj Auto, another leading player, experienced a 19 per cent increase, selling 168,847 units compared to 141,990 units sold last year.

Tata Motors sold 44,725 units in July, including electric vehicles (EVs), as demand for fleet cars fell with the discontinuation of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme.