Highest ever PV sales – both for first half of the year as well as second quarter – was driven by demand for SUVs, says Society of Indian Automobile Manufacturers.
According to experts, fresh demand & healthy stocks at dealerships now driving up sales. This year, industry expects to sell over one million units — its highest in festival season.
The commercial vehicles segment also saw an uptick in sales, with industry leaders Ashok Leyland and Eicher Motors posting 5% and 6.5% rise respectively.
Maruti has seen overall market share dented due to lack of SUV products. It hopes new lineup, including new Brezza variant, Grand Vitara & upcoming models, will pick up the slack.
With demand high during festive season, sales doubled to 3,07,389 units from a year ago, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.
Production and inventory levels are up. However, traders expect this season to see change in purchase patterns amid the pandemic and missing Chinese goods.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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