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PV retail sales in March drop 6% YoY

Financial Express Mumbai

|

April 09, 2024

PASSENGER VEHICLE (PV) retail volumes in March fell for the first time in five months as changes in festival dates impacted consumer buying despite above-normal discounts offered by carmakers to liquidate stocks.

- SWARAJ BAGGONKAR

The reporting month saw a 6% year-on-year (y-o-y) decline in volumes to 330,107 units in car, sports utility vehicle and van sales, as per data shared by the Federation of Automobile Dealers Association (FADA), which tracks registration data of vehicles.

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