High inventory levels after the festive season and muted consumer sentiment contributed to the slowdown, the dealers' body reported on Tuesday.
Two-wheeler sales dropped 18 per cent last month to 11,97,742 units, compared to 14,54,353 units in December 2023, marking the steepest decline among vehicle categories. Passenger vehicle (PV) retail sales also saw a 2 per cent dip, with 2,93,465 units sold compared to 2,99,351 units in the same period the previous year. FADA attributed the December slump to aggressive discounting by dealers to clear excess inventory, limited new model launches, and intense price competition. “Post-festive demand failed to pick up as expected, leading to subdued retails across key segments,” the association noted.
Diese Geschichte stammt aus der Delhi 08 January 2025-Ausgabe von Millennium Post Delhi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der Delhi 08 January 2025-Ausgabe von Millennium Post Delhi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Agent arrested for visa fraud
The IGI Airport Police team has arrested an agent for orchestrating a fake visa fraud involving two passengers attempting to travel to Poland.
No headway in claims of man murdering wife, boiling body parts in cooker
HYDERABAD HORROR
Job creation for youth is govt's top priority for next five years: Kejriwal
Calls for public support to achieve the mission
HC to pass order over tabling of CAG reports on Jan 24
NEW DELHI: The Delhi High Court will on January 24 pass order on a plea by Delhi opposition MLAs seeking a sitting of the Delhi Assembly for tabling CAG reports.
CCPA Serves Notices to Apple, Ola, and Uber
The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple Inc and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.
Foreign Secy to Visit China on Jan 26 to Push for Normalized Diplomatic Ties
It follows last month's meeting between NSA Ajit Doval and Chinese Foreign Minister Wang Yi
Filmmaker Ram Gopal Varma Gets 3 Months Jail in Cheque Bounce Case
A court here has sentenced filmmaker Ram Gopal Varma to three months imprisonment in a cheque bounce case and issued a non-bailable arrest warrant against him.
Threat mails sent to Kapil Sharma, Remo D'Souza, Rajpal Yadav; FIR registered
The Mumbai police have registered a case after threat mails were sent to people from the entertainment industry, including comedian Kapil Sharma, actor Rajpal Yadav and choreographer Remo D'Souza, an official said on Thursday.
Delhi court refuses FIR on plea saying M F Husain paintings hurt religious sentiments
A Delhi court has refused to direct an FIR on a plea alleging two paintings of late artist and Padma awardee M F Husain hurt religious sentiments and said no further probe was required.
NCLAT stays ban on WhatsApp sharing data with parent Meta
NCLAT WILL NEXT HEAR CASE ON MARCH 17
