Auto retail sales skid 9% in Sept on sluggish demand

Auto retail sales in India saw a 9% decline in September due to high passenger vehicle inventory and weak demand. Passenger vehicle sales dropped 19%, while two-wheeler registrations fell by 8%. Commercial vehicle registrations declined 10%, though tractor sales saw a 15% increase despite overall sluggish market conditions.

Oct 8, 2024 - 05:00

Auto retail sales skid 9% in Sept on sluggish demand

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Auto retail sales in India saw a 9% decline in September due to high passenger vehicle inventory and weak demand. Passenger vehicle sales dropped 19%, while two-wheeler registrations fell by 8%. Commercial vehicle registrations declined 10%, though tractor sales saw a 15% increase despite overall sluggish market conditions.