Retail despatches fall 4.5%

In The Slow Lane

- NITIN KUMAR

REFLECTING THE PERSISTING weak demand, retail automobile sales dropped 4.5% year-on-year in July, with total sales across segments falling to 1.96 million units from 2.06 million in the same month last year, according to data sourced from government's Vahan portal as on July 31. The overall decline was driven largely by subdued demand in the two-wheeler and pas