India's auto retail industry experienced a 27% YoY growth in April, driven by increased sales of passenger vehicles (16%) and two-wheelers (33%).
India's auto retail industry witnessed a 27% year-on-year growth in April, with passenger vehicle and two-wheeler sales increasing by 16% and 33% respectively, according to the Federation of Automobile Dealers Associations (FADA). The rise in sales can be attributed to stable fuel prices, a positive monsoon outlook, festive demand, and the marriage season. New model launches also contributed to the growth, despite some delays in supply.
May 08, 2024
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