Deprecated (16384)CORE/src/Core/functions.php , line 311 ]Code Context
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Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98 Deprecated (16384)CORE/src/Core/functions.php , line 311 ]Code Context
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<head><meta http-equiv="Content-Type" content="text/html; charset=utf-8">
<title>
LATEST NEWS UPDATES | Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev </title>
<meta name="description" content="Livemint.com
The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.
However, declining income of rural households continued to impact sentiments of two-wheeler buyers,..."/>
<meta name="keywords" content="Rural Spending,Purchasing Power,Auto Sales,NREGA,Two Wheeler sales,Automobiles,Commercial Vehicles,Passenger Vehicles,Indian Economy"/>
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The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.
However, declining income of rural households continued to impact sentiments of two-wheeler buyers,..." />
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<h1 class="cat-box-title">Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev</h1>
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<p>Livemint.com</p><p>The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.</p><p>However, declining income of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the month, with all segments rising year-on-year. Registrations of two- and three-wheelers, tractors, passenger and commercial vehicles grew 10%, 59%, 22%, 8% and 16%, respectively.</p><p>For two-wheelers, decline in spending on Mahatma Gandhi National Rural Employment Guarantee Scheme in the budget for FY24 and a lower rate of income tax may provide mixed demand cue to rural and urban markets. Two-wheeler exports fell amid global recessionary fears and unfavourable currency movements impacting demand.</p><p>With improving semiconductor supply, automobile dealers expect waiting periods for passenger vehicles to shorten as inventories rise.</p><p>Please <a href="http://https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html" title="http://https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html">click here</a> to read more</p>
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<br><a href="https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html" class="re" target="_blank">Alisha Sachdev, Livemint, 7 February, 2023, https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html</a><div class="clear"></div>
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LATEST NEWS UPDATES | Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev </title>
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The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.
However, declining income of rural households continued to impact sentiments of two-wheeler buyers,..."/>
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The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.
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<p>Livemint.com</p><p>The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.</p><p>However, declining income of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the month, with all segments rising year-on-year. Registrations of two- and three-wheelers, tractors, passenger and commercial vehicles grew 10%, 59%, 22%, 8% and 16%, respectively.</p><p>For two-wheelers, decline in spending on Mahatma Gandhi National Rural Employment Guarantee Scheme in the budget for FY24 and a lower rate of income tax may provide mixed demand cue to rural and urban markets. Two-wheeler exports fell amid global recessionary fears and unfavourable currency movements impacting demand.</p><p>With improving semiconductor supply, automobile dealers expect waiting periods for passenger vehicles to shorten as inventories rise.</p><p>Please <a href="http://https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html" title="http://https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html">click here</a> to read more</p>
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<br><a href="https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html" class="re" target="_blank">Alisha Sachdev, Livemint, 7 February, 2023, https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html</a><div class="clear"></div>
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LATEST NEWS UPDATES | Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev </title>
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The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.
However, declining income of rural households continued to impact sentiments of two-wheeler buyers,..."/>
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The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.
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<h1 class="cat-box-title">Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev</h1>
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<p>Livemint.com</p><p>The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.</p><p>However, declining income of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the month, with all segments rising year-on-year. Registrations of two- and three-wheelers, tractors, passenger and commercial vehicles grew 10%, 59%, 22%, 8% and 16%, respectively.</p><p>For two-wheelers, decline in spending on Mahatma Gandhi National Rural Employment Guarantee Scheme in the budget for FY24 and a lower rate of income tax may provide mixed demand cue to rural and urban markets. Two-wheeler exports fell amid global recessionary fears and unfavourable currency movements impacting demand.</p><p>With improving semiconductor supply, automobile dealers expect waiting periods for passenger vehicles to shorten as inventories rise.</p><p>Please <a href="http://https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html" title="http://https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html">click here</a> to read more</p>
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<br><a href="https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html" class="re" target="_blank">Alisha Sachdev, Livemint, 7 February, 2023, https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html</a><div class="clear"></div>
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LATEST NEWS UPDATES | Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev
Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev
Feb 7, 2023
Feb 7, 2023
Livemint.com
The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January.
However, declining income of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the month, with all segments rising year-on-year. Registrations of two- and three-wheelers, tractors, passenger and commercial vehicles grew 10%, 59%, 22%, 8% and 16%, respectively.
For two-wheelers, decline in spending on Mahatma Gandhi National Rural Employment Guarantee Scheme in the budget for FY24 and a lower rate of income tax may provide mixed demand cue to rural and urban markets. Two-wheeler exports fell amid global recessionary fears and unfavourable currency movements impacting demand.
With improving semiconductor supply, automobile dealers expect waiting periods for passenger vehicles to shorten as inventories rise.
Please click here to read more
Alisha Sachdev, Livemint, 7 February, 2023, https://www.livemint.com/news/india/auto-sales-surpass-pre-covid-peak-2ws-lag-11675705458354.html
Published on Feb 7, 2023
Modified on Feb 7, 2023
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