India's auto sales rose 7% in January, driven by a 16% increase in passenger vehicles.

India's auto retail sales surged 7% year-over-year in January, totaling 2.29 million units across various vehicle categories, including a 16% jump in passenger vehicles. The Federation of Automobile Dealers Associations (FADA) credits new model launches and the wedding season for the growth. However, dealers remain cautious about rising interest rates and rural financial challenges. For February, dealers are cautiously optimistic, with 46% expecting sales growth.

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