Vehicle retail sales in August grow 2.84%: FADA

Total vehicle retail sales in India grew by a modest 2.84 per cent at 19,64,547 units in August as against 19,10,312 units in the same month last year, as customers postponed purchases expecting a price cut ahead of Goods and Service Tax (GST) reforms, Federation of Automobile Dealers Associations said Monday.

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Passenger vehicle sales were marginally up at 3,23,256 units last month as compared to 3,20,291 units in August 2024, FADA said.

PV retails in August recorded a modest growth of 0.93 per cent YoY. The month began on a positive note with healthy enquiries and festive bookings, but momentum slowed in the latter half as the announcement of GST 2.0 reforms led many customers to postpone purchas-

es, anticipating a price reduction, the dealer's body said.

Two-wheeler retail sales in August this year were at 13,73,675 units as against 13,44,380 units in the year-ago month, up 2.18 per cent, it added.