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Car sales slide 14% in Nov on low demand
Hindustan Times Gurugram
|December 10, 2024
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.
NEW DELHI: 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.
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