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Auto retail sales slide amid weak earnings
Business Standard
|March 07, 2025
Weak earnings, declining job market, global uncertainty, and tougher financing norms spoiled customer interest in the automobile sector, resulting in a down-slide in retail sales.
While the passenger vehicle (PV) segment witnessed a 10 per cent dip in sales in February 2025 versus last year, the two-wheeler (2W) market also declined by 6 per cent.
Additionally, the meltdown in Dalal Street that wiped out investor wealth to the tune of ₹44 trillion in 2025 also seems to be having a ripple effect on the country's vibrant automobile retail sales.
During the period under review, the entire auto retail sales also weakened by 7 per cent, with other segments like commercial vehicles (CVs), tractors, and three-wheelers (3Ws) declining by 9 per cent, 15 per cent, and 2 per cent, respectively, according to data shared by the Federation of Automobile Dealers Association (Fada).
This story is from the March 07, 2025 edition of Business Standard.
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