Automobile retail sales witness 10% growth in July: FADA
The Hindu
July auto retail sales in India saw 10% growth, driven by strong sales of passenger vehicles, two-wheelers and commercial vehicles. SUVs remain popular, while two-wheeler sales show resilience.
Auto mobile retail sales in India witnessed a 10% annual growth in July driven by robust sales across passenger vehicles, two-wheelers and commercial vehicles, industry body FADA said on Monday.
Total retail sales across segments rose to 17,70,181 units last month, as compared to 16,09,217 units in July 2022.
Also Read | ‘Automobile retail sales see double-digit growth in FY23’
Passenger vehicle sales saw an increase of 4% to 2,84,064 units last month, as compared to 2,73,055 units in the year-ago period, the Federation of Automobile Dealers Associations (FADA) said in a statement.
"The month saw a surge in orders and timely OEM supplies, especially with the introduction of new products. However, severe monsoons and flood-like situations especially in North India, impacted sales," FADA President Manish Raj Singhania said.
SUVs continued to remain a popular choice for buyers, he added.
Two-wheeler retail sales rose by 8% to 12,28,139 in July, as against 11,35,566 units in the same period last year.
Adani Group plans a ₹1.5 lakh crore investment in Kutch, focusing on renewable energy, ports, and logistics over five years.
Mukesh Ambani announces ₹7 lakh crore investment in Gujarat, emphasizing clean energy, AI, and support for Olympic ambitions.
India mandates selfies and 'penny drop' for crypto KYC, discouraging ICOs and ensuring strict anti-money laundering measures.
Mukesh Ambani announces ₹7 lakh crore investment in Gujarat, emphasizing clean energy, AI, and support for Olympic ambitions.
The All India Cashew Association calls for urgent action against illegal cashew imports threatening India's domestic processing industry.
Moody’s upgrades Shriram Finance’s outlook to positive, citing strategic benefits from MUFG Bank's upcoming investment and improved financial stability.
India's rice exports soar to near record levels in 2025, driven by lifted curbs and increased global demand.
Dr. Reddy's responds to U.S. FDA queries regarding its Hyderabad biologics facility following a recent inspection.
Techno Paints plans a ₹500 crore IPO in FY27, featuring Sachin Tendulkar as brand ambassador to boost growth.
India's shift from Russian oil imports will have limited fiscal impact due to low global prices and reduced discounts.
The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.
Investors shifted to Gold ETFs in December 2025, with record inflows amid macro uncertainty and declining equity returns.
Aurobindo Pharma's subsidiary receives Health Canada NOC for Dyrupeg, confirming its pegylated filgrastim biosimilar's safety and efficacy.