14, Dec, 2019
Passenger vehicle retail sales fall 20% in September: FADA

vehicle

Automobile dealers’ body FADA on Friday said passenger vehicle retail sales in September declined 20.1 per cent to 1,57,972 units against the same period last year as the onset of festival season and never-seen-before discounts failed to lift demand. According to Federation of Automobile Dealers Associations (FADA), passenger vehicle (PV) […]

The slowdown in the automobile sales has taken a hit on motor vehicle insurance premiums, with the public sector New India Assurance Co Ltd registering a six per cent decline in Q1 of FY20. “The motor vehicle insurance market was not buoyant as the vehicles sales was down. But we […]