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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.
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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