Auto sales stay negative: Bumper discount deals fail to ring in happy end to year 2024
Millennium Post Delhi|December 16, 2024
Over 800,000 new cars worth Rs 2 lakh crore are gathering dust in stockyards, a gnarly symptom of the bad times afflicting the Indian automobile industry
RAJEEV NARAYAN
Auto sales stay negative: Bumper discount deals fail to ring in happy end to year 2024

NEW DELHI: Over 800,000 brand-new cars worth nearly Rs 200,000 crore are gathering dust in massive stockyards on the outskirts of cities, and the numbers are growing. Sales of two-wheelers and three-wheelers have also shown a negative trend in November 2024, with only 'Total Passenger Vehicles Sales' figures ringing in some good news with 4.41 per cent growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM).

The data shared by SIAM shows that November 'Passenger Car' sales fell YoY to 97,186 units, down 5.24 per cent compared to the 102,558 units sold in November 2023. Two-wheeler sales, which often come to the rescue, didn't manage a turnaround this year, notching up sales of 16,04,749 against 16,23,399 units registered last November, a fall of 1.15 per cent. Three-wheeler sales were disappointing as well, falling 1.32 per cent to 59,350 units this November compared to 60,143 units last year.

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MILLENNIUM POST DELHI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
'ONOE' Bills introduced in LS amid Oppn outcry; 269 MPs vote in favour, 198 against
Millennium Post Delhi

'ONOE' Bills introduced in LS amid Oppn outcry; 269 MPs vote in favour, 198 against

The proposal is expected to be sent to a Joint Parliamentary Committee for further examination

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3 dak  |
December 18 2024
Vikrant Massey addresses his 'retirement post'
Millennium Post Delhi

Vikrant Massey addresses his 'retirement post'

Initially mistaken for a retirement announcement, he later clarified that he is not going on a permanent break

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2 dak  |
December 17 2024
'Zakir Hussain was a phenomenon'
Millennium Post Delhi

'Zakir Hussain was a phenomenon'

Fellow musicians worldwide mourn the loss of the tabla maestro

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1 min  |
December 17 2024
Won't perform in India till concert infrastructure is developed: Diljit Dosanjh
Millennium Post Delhi

Won't perform in India till concert infrastructure is developed: Diljit Dosanjh

Diljit Dosanjh's latest music concert as part of his ongoing 'Dil-Luminati Tour' took place in Chandigarh recently and photos and video from the event have been shared online.

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1 min  |
December 17 2024
'It's about involvement, not screen time'
Millennium Post Delhi

'It's about involvement, not screen time'

18 years in the film industry, 'untrained' Shahana Goswami has learnt from the best

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3 dak  |
December 17 2024
Millennium Post Delhi

Gukesh lands in Chennai to rapturous welcome

Newly-crowned world chess champion D Gukesh returned home to an enthusiastic reception as hundreds of eager fans, and officials from the Tamil Nadu government and the national federation lined up to receive him at the airport here on Monday.

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1 min  |
December 17 2024
Millennium Post Delhi

It's a team in transition, won't point fingers at each other

BUMRAH EXPLAINS INDIA'S OZ STRUGGLES

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1 min  |
December 17 2024
Batters botch up again; India in trouble at 51/4 on rain-marred day
Millennium Post Delhi

Batters botch up again; India in trouble at 51/4 on rain-marred day

The Indian batters’ inability to grind it out against a relentless Australian pace attack in testing conditions left the team precariously placed at 51 for four at the end of a rain-marred day three of the third Test here on Monday.

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1 min  |
December 17 2024
India's richest men Ambani & Adani drop out of world's elite $100 billion club
Millennium Post Delhi

India's richest men Ambani & Adani drop out of world's elite $100 billion club

Both RIL chief Mukesh Ambani Adani Group founder Gautam Adani are now facing multiple threats that are hitting their businesses personal wealth

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2 dak  |
December 17 2024
LIC's unclaimed maturity amounts at ₹881 crore in FY24
Millennium Post Delhi

LIC's unclaimed maturity amounts at ₹881 crore in FY24

NEW DELHI: Life Insurance Corporation (LIC) has unclaimed maturity amounts of Rs 880.93 crore in 2023-24, Parliament was informed on Monday.

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2 dak  |
December 17 2024