Automobile retail sales increased 32 percent in October from the year before, helped by festival demand, especially for two-wheelers and passenger vehicles, said a dealers' association on Wednesday.
October clocked overall retail sales of 2.83 million, the second highest number after 2.85 million in November 2023, according to data from the Federation of Automobile Dealers Association (FADA).
Two-wheeler (2W) sales increased 36 percent and passenger vehicle (PV) 32 percent in October. Three-wheeler sales were up 11 percent, commercial vehicles 6 percent and tractors 3 percent. Overall retail sales increased 64 percent compared to September.
This story is from the November 07, 2024 edition of Business Standard.
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This story is from the November 07, 2024 edition of Business Standard.
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