Automobile retail sales grew 27 per cent in April to 2.2 million units compared to the year before as demand grew in all categories and fuel prices were stable, said a group representing auto dealers.
A favourable monsoon outlook, festivals and wedding helped sales too, according to the Federation of Automobile Dealers Associations (FADA).
As many as 1.74 million units were sold in April 2023.
In April 2024, two-wheeler (2W), three-wheeler (3W), passenger vehicle (PV), tractor and commercial vehicle (CV) sales grew by 33 per cent, 9 per cent, 16 per cent, 1 per cent, and 2 per cent. Industry experts believe that despite the growth in April, election uncertainty is delaying customers' purchasing decisions.
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Esta historia es de la edición May 09, 2024 de Business Standard.
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