PV retail sales up 20% in November

India’s passenger vehicle (PV) retail sales posted a 20 per cent rise in November as compared to the same month last year, owing to sustained consumer interest beyond the festival season, the Federation of Automobile Dealers Associations (Fada) said on Monday.

- SHINE JACOB

Fada President CS Vigneshwar said inventory reduced sharply to 44-46 days, down from 53-55 days, marking healthier demand-supply discipline. This pushed the sales to 304,152 units during the month compared to 329,253 last year.

He said that besides GST benefits, the jump was aided by the marriage season, better supply of high-waiting models, and sustained push from compact sport utility vehicles.