Auto Retail Sector Grows 13.84% Y-O-Y

07 Aug 2024 CW Team

The auto retail sector has experienced a significant boost, with sales increasing by 13.84% year-over-year (Y-O-Y) to 20.34 lakh units in July 2024. This growth reflects a strong recovery and heightened consumer demand in the automotive market.

The notable rise in sales is attributed to several factors, including improved consumer confidence, favorable financing options, and the launch of new vehicle models. The increase highlights a positive trend in the sector, as consumers continue to invest in automobiles despite broader economic uncertainties.

Key segments contributing to this growth include both passenger and commercial vehicles. The demand for electric and hybrid vehicles has also seen an uptick, reflecting a shift towards more sustainable automotive solutions.

The robust performance in July 2024 follows a period of fluctuating sales, marking a rebound for the industry. Industry stakeholders view this growth as a sign of a strengthening market and are optimistic about continued momentum in the coming months.

Overall, the 13.84% Y-O-Y increase in auto retail sales underscores the sector's resilience and its role in driving economic activity. The trend suggests a vibrant automotive market with strong consumer interest and potential for further expansion.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..