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Business Standard
Сентябрь
2024

Новости за 05.09.2024

PV retails dip 5% in August; Fada raises alarm over rising inventory level

Business Standard 

Passenger vehicle retail sales in India witnessed a 5 per cent on-year decline in August on account of delayed customer purchases, poor consumer sentiment and persistent heavy rains, industry body FADA said on Thursday. The overall passenger vehicle (PV) registrations last month stood at 3,09,053 units, as compared to 3,23,720 units in August 2023. "Even with the arrival of the festive season, the market remains under significant strain... Inventory levels have reached alarming levels, with stock... Читать дальше...



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India's auto retail grow modestly by 2.88% in August

Business Standard 

The two wheelers (2W) segment saw a Y-o-Y growth of 6.28%, despite a 7.29% M-o-M decline, primarily due to rain disruptions and market saturation. The Passenger Vehicles (PV) segment registered a decline of 4.53% Y-o-Y and 3.46% M-o-M. Commercial Vehicles (CV) saw a sharp drop with an 8.5% MoM and 6.05% YoY decline, attributed to weather-related disruptions and weak industrial demand.

Consumer goods shares rise

Business Standard 

Consumer goods stocks were trading with gains, with the BSE Consumer Discretionary index rising 57 points or 0.54% at 10576.5 at 09:42 IST.


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