![Retail auto sales flat, PV inventory piles up](https://cdn.magzter.com/1547192204/1720207388/articles/bL5nJZ52xoN2r22hJGnsys/RETAIL-AUTO-SALES-FLAT-PV-INVENTORY-PILES-UP.jpg)
Automobile retail sales in India grew 0.73 per cent year-on-year (Y-o-Y) in June as the heatwaves deterred customers from purchases despite "substantial discounts", according to Federation of Automobile Dealers Associations (Fada).
While the two-wheeler and threewheeler segments registered grew 4.66 per cent and 5.1 per cent, other categories such as passenger vehicles, tractors, and commercial vehicles declined 6.7 per cent, 28.3 per cent, and 4.7 per cent.
Adding to the woes of dealers, inventory levels in passenger vehicles in June reached an all-time high, ranging from 62 to 67 days.
Esta historia es de la edición July 06, 2024 de Business Standard.
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Esta historia es de la edición July 06, 2024 de Business Standard.
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