Vehicle registration fall 28.64% y-o-y in March despite low base: FADA

Cumulative vehicle registration across categories fell year-on-year by 28.64 percent in March, said a dealers’ association on Thursday. The fall comes despite last year’s low base. Auto sales had come to a standstill owing to a seven-day lockdown last March. The Federation of Automobile Dealers Association (FADA) warned that the lockdown in Maharashtra to contain … Read more

From April, new cars must have airbag for front passenger seat

New models of all cars will have to provide airbags for the front passenger seat from April 1 while all existing models can be sold after August 31 this year, only after being fitted with this safety gear. This mandatory provision was notified by the road transport ministry on Tuesday. “This has been mandated as … Read more

Auto sales take fast lane in Dec; carmakers see double-digit rise in sales

Indian automakers replenished stocks before the new year, helping wholesale auto sales witness healthy growth. Inventory was lower than usual for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months, industry executives said. They said spillover demand from the festive season and inventory refilling would drive demand for passenger vehicles … Read more

The world’s biggest oil trader wants to buy your used car

If you live in Turkey or Pakistan and are looking to sell your car, the world’s biggest independent oil trader wants to make a deal. Vitol Group, which traded more than 8 million barrels of oil and petroleum products a day in 2019, is getting into the used-car business. The storied trading house, founded more … Read more