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2-wheeler demand drives retail vehicle sales up 11.2% in Nov
Hindustan Times Pune
|December 10, 2024
NEW DELHI: Retail sales of vehicles across categories in India grew by 11.21% at 32,08,719 units in November, as compared to 28,85,317 units in the same month last year, riding on two-wheeler demand, Federation of Automobile Dealers Associations said on Monday.
Retail sales of two-wheelers were at 26,15,953 units last month, as compared to 22,58,970 units in November 2023, a growth of 15.8% buoyed by the festive spillover.
On the other hand, passenger vehicle (PV) retail was down 13.72% at 3,21,943 units, as against 3,73,140 units in the year-ago month. The PV segment faced notable headwinds, Federation of Automobile Dealers Associations (Fada) said in a statement. "While November was initially expected to build on its prior momentum, particularly due to the marriage season, dealer feedback suggests that this segment underperformed overall expectations," Fada president, C S Vigneshwar said in a statement.
Denne historien er fra December 10, 2024-utgaven av Hindustan Times Pune.
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