Car sales slide 14% in Nov as inventory pile-up persists

Overall retail sales of vehicles across categories rose more than 11% y-o-y in Nov, lifted by a 16% rise in two-wheeler sales

- Alisha Sachdev

Retail sales of passenger vehicles fell 13.72% year-on-year in November, reflecting subdued post-festive demand and lingering inventory challenges, according to data released by the Federation of Automobile Dealers Associations (FADA) on Monday.

Passenger vehicle registrations dropped to 3,21,943 units in November, from 4,83,159 units in October, marking a steep 33% decline month-on-month as well.

Overall retail sales of vehicles across categories rose more than 11% to 32,08,719 units in November, from 28,85,317 units a year ago, lifted by a near 16% increase in two-wheeler sales, FADA said in a statement.