Secondhand-car sales booming amidst automobile decline

Sales of pre-owned cars are estimated to increase to as many as 4.4 million units this fiscal from 4 million in the previous fiscal, according to used car dealer Mahindra First Choice Wheels. Online classifieds platform OLX India has an almost similar sales forecast of 4.4-4.5 million units. Continue Reading

Passenger vehicle sales decline for tenth straight month

India’s domestic passenger vehicle sales fell for the tenth straight month in August, declining 31.57 per cent to 1,96,524 units from 2,87,198 units in the year-ago period. Continue Reading

Hatchbacks, SUVs are automakers’ big bet this festive season

As vehicle manufacturers gear up for a possible revival in sales in the upcoming festival season, most of them are betting on sport utility vehicles or hatchbacks as opposed to sedans to engineer a recovery in the domestic market. Continue Reading