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CAR SALES STATISTICS MAY 2023
US job openings stayed at a surprisingly strong 7.6 million in MayDespite the economic fallout from the Iran war and soaring energy prices, the U.S. job market shows surprising strength. Job openings in Ma...- Home sales fall to three-year low in June quarterHome sales experienced a notable dip in the June quarter, marking the slowest performance since early 2023. Persistent global uncertainties...
- Carmakers pare discounts as GST cut revives small-car demandCar manufacturers are scaling back discounts on budget-friendly hatchbacks and entry-level models, indicating a robust recovery in mass-mar...
- IIP growth reached a five-month high of 5.1% in MayIndia's industrial production surged to a five-month high of 5.1% in May, driven by robust growth in electricity and manufacturing sectors....
- India is plotting a game-changer for RBI, banks, corporates, investorsIndia is planning a high-frequency index to track its vast informal economy, covering millions of unincorporated companies. The proposed Mo...
- Used-car market enters new era: Why more Indians are choosing used cars despite rising incomesIndia's used car market is booming, projected to hit $70 billion by FY31 as buyers increasingly choose pre-owned vehicles for value and sma...
- India's industrial output quickens to 5.1% in May from 4.9% in April as manufacturing, electricity drive growthIndia's industrial production surged by 5.1% in May 2026, largely propelled by strong manufacturing activity despite a decrease in mining o...
- Economic indicators point to resilient Indian economy despite global headwinds: MoSPI SecretaryIndia's economy is demonstrating remarkable resilience against global challenges, according to Saurabh Garg, Secretary of MoSPI. He highlig...
- India's electric car sales set to cross 3 lakh units for first time in 2026: ReportIndia's electric passenger vehicle market is poised for a significant leap, projected to surpass 3 lakh annual sales in 2026. This surge is...
- Psychology says people who take extra care for their bikes or cars aren't showing off: What this behavior really meansPsychology says people who take extra care for their bikes or cars aren't always materialistic. Many people maintain their vehicles because...
- Plan afoot to create index for unincorporated enterprisesThe index, proposed by the ministry of statistics and programme implementation (MoSPI), will provide insights into the health of the large ...
- Charting the global economy: US spending rises, weather loomsUS consumer spending remains robust despite rising prices, though new home sales dipped. President Trump is scrutinizing gasoline costs. Eu...
- After 5-year hot run, luxe car sales may slow downIndia's luxury car market is experiencing its first slowdown in over five years, with sales stalling in early 2026. Heightened global uncer...
- In May, every 10th new car sold in Europe was ChineseChinese car brands have captured over 11% of the European new car market for the first time, driven by hybrid and plug-in hybrid models off...
- Service output index to debut next month with FY25 baseIndia is set to launch the Index of Service Production (ISP) next month, a crucial new monthly indicator mirroring the Industrial Productio...
- India to release first-ever monthly index tracking services sector output from July 14India is launching a new Index of Services Production (ISP) to track the services sector's growth, mirroring the Index of Industrial Produc...
- MoSPI releases discussion paper to identify apt method to compile coal monetary asset accountsIndia's Ministry of Statistics has released a discussion paper on valuing coal assets monetarily, aligning with UN environmental accounting...
- Steering wheel malfunction in new car leads to accident during family trip; owner fights and wins Rs 18.23 lakh refund, Rs 4 lakh compensation in consumer forumA car buyer has won a significant victory after a nearly three-year legal battle. His seven-month-old MG CVT automatic car experienced Elec...
- Tesla presented misleading 'Full Self-Driving' safety data to European regulatorsIn a bold move to secure European approval for its Full Self-Driving technology, Tesla has shared crucial safety data with Swedish and Dutc...
- India passenger vehicle sales rise 27.3% in May to 438,854 units: SIAMIn an exhilarating turn of events, the Indian automobile market experienced an extraordinary spike in sales last month, setting new records...
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