Auto retail sales up 7% in January: FADA – The Times of India

Auto retail sales up 7% in January: FADA – The Times of India

NEW DELHI: Automobile retail sales rose 7% year-on-year in Jan to 22.9 lakh units, driven by robust demand across segments, dealer body Federation of Automobile Dealers Associations (FADA) said.“Our observations indicate that each vehicle category – 2-wheeler, 3-wheeler, passenger vehicles, tractor and commercial vehicles – witnessed positive momentum, pointing towards sustained consumer confidence and steady…

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Leadership in electric 2-wheelers like ‘Russian roulette’ till category gains scale: Hero Moto – Times of India

Leadership in electric 2-wheelers like ‘Russian roulette’ till category gains scale: Hero Moto – Times of India

NEW DELHI: Hero Moto, the country’s largest two-wheeler maker, has said that electrics will become 50% of the scooter market by 2030 even though leadership in the category will be like “Russian roulette” in the short term as newer and older players fight for market share.Niranjan Gupta, CEO of the company, said that Hero will…

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