Business

Automobile Sales Increase by 7% Year-over-Year in January, According to FADA

Published

1 year ago

February 6, 2025

In January, automobile retail sales in India experienced a 7% year-on-year increase, reaching a total of 2,291,621 units, according to data from the Federation of Automobile Dealers Associations (FADA). This growth was attributed to strong demand across various segments. The overall retail sales for January stood at 2,149,117 units.

The passenger vehicle segment saw a significant surge, with sales rising by 16% year-on-year, totaling 465,920 units last month. In addition, commercial vehicle sales also saw an increase of 8% year-on-year, reaching 99,425 units. The data further revealed that tractor sales grew by 5% year-on-year, amounting to 93,381 units, while three-wheeler retail sales climbed 7% to 107,033 units. Two-wheeler sales reached 1,525,862 units, marking a 4% increase from 1,465,039 units during the same period last year. Sales in urban areas surpassed those in rural areas on a year-on-year basis, with urban sales growing by 5% compared to 4%.

“Our observations indicate that all vehicle categories — two-wheelers, three-wheelers, passenger vehicles, tractors, and commercial vehicles — are experiencing positive momentum, reflecting sustained consumer confidence and a steady market recovery,” stated FADA President C. S. Vigneshwar. While dealers reported improved demand, they also acknowledged the impact of significant discounts last year that helped clear older models and facilitate registrations.

The FADA president highlighted that factors such as new model launches, demand due to the wedding season, and improved financing are driving growth. However, concerns remain regarding rising interest rates, liquidity challenges in rural areas, and overall market uncertainty.

A recent survey by FADA indicated that nearly half of the dealers (46%) expect growth this month, while 43% anticipate their sales will remain flat, and 11% foresee a decrease. This mixed sentiment reflects the industry’s complex landscape, where positive developments are countered by persistent challenges.

On a brighter note, dealers have reported that the ongoing wedding season, new product launches, and targeted promotional efforts are likely to sustain customer interest. Improved inventory management, better financing options from select lenders, and backlog orders in certain segments contribute to a sense of cautious optimism.

Business

Chicken and Egg Prices Rise Shocked Non-Veg Lovers

Published

4 days ago

July 15, 2026

Namma Kudla

Business: Non-vegetarian food lovers are facing a big shock as chicken and egg prices have increased sharply over the past week.

The price of chicken has gone up significantly, making it expensive for many families. Fresh fish is also unavailable in coastal areas because fishing activities have been suspended.

The main reason for the price hike is the slow growth of chickens, which has reduced supply. At the same time, more chicken is being supplied to other states, resulting in lower availability in the local market.

Egg prices have also increased. An egg that cost Rs.7 to Rs.7.50 three days ago is now priced at ₹9.

Similarly, the price of chicken has risen from Rs.300 per kg to Rs.360 per kg.

Traders say prices may come down once the supply improves. Until then, the increase is expected to put an extra burden on consumers.

Business

India’s First LPG Efficiency Policy amid Iran War

Published

5 days ago

July 14, 2026

Namma Kudla

Business: As the Iran conflict continues to affect global energy markets, Pune Gas has urged the Central Government to introduce India’s first LPG Efficiency Policy.

The company submitted its proposal to the Ministry of Petroleum and Natural Gas, stressing the need for better and more efficient use of LPG across the country.

Global supply disruptions have pushed commercial LPG cylinder prices to around Rs.3,100 from nearly Rs.1,884 earlier this year.

The price rise has increased costs for restaurants, hotels, hospitals, food processing units, MSMEs and other industries that depend on LPG.

Pune Gas said India has maintained a stable LPG supply, but improving fuel efficiency is now equally important.

The proposal recommends promoting the use of 47.5-kg LOT cylinders wherever suitable to reduce wastage, improve safety and prevent pilferage.

It also seeks awareness campaigns, standard practices and policy support to encourage efficient LPG systems.

Pune Gas CEO Jesal Sampat said India should focus not only on increasing LPG supply but also on using the available fuel more efficiently.

The company also showcased its indigenous LPG management system, LPGenius, to improve safety, efficiency and cost savings.

Pune Gas has offered to support the government and oil marketing companies with field data, pilot projects and implementation assistance.

Business

US-Iran Conflict Pushes Global Crude Oil Prices Up by Over 4%

Published

6 days ago

July 13, 2026

Namma Kudla

London: Global crude oil prices surged by more than 4% after the United States and Iran intensified missile and air strikes against each other.

The rise in oil prices is mainly due to growing concerns over the security of the Strait of Hormuz. It is one of the world’s most important routes for global oil shipments.

During Monday morning trading, Brent crude oil rose by 4.28% to $79.26 per barrel. West Texas Intermediate (WTI) crude oil increased by 4.37% to $74.53 per barrel.

Iran expanded its military attacks over the weekend to include Qatar and the United Arab Emirates (UAE). In response, the United States launched another round of air strikes on Iranian military bases.

Iran also announced the closure of the Strait of Hormuz after an attack on a commercial vessel that it claimed had violated regulations. According to ship-tracking data from Kpler, only six ships passed through the strait on Sunday. This is the lowest number recorded in the past five weeks.

Last month, the United States and Iran had reached a temporary agreement to keep the Strait of Hormuz open. However, the latest attacks have ended those efforts and increased tensions in the region.

Iran’s Foreign Ministry strongly condemned the US strikes. It said the attacks were a clear violation of international law and the United Nations Charter.

Iran also warned that any country allowing the United States to use its land or military bases for operations against Iran would be treated as a hostile nation. It said such countries could face military action.