2.85 million vehicles, surpassing the previous record of 2.57 million reached in March 2020, when the industry was transitioning from BS-IV to BS-VI emission norms. Still, high inventory levels, especially with car dealers, remained a major concern.
According to the Federation of Automobile Dealers Associations (Fada), automobile retail sales last month were over 18 per cent higher year-on-year (Y-o-Y) on the back of high demand for weddings. According to an estimate by the Confederation of All India Traders, around 3.8 million weddings are planned across India between November 23 and December 15. Sales in the two-wheeler, three-wheeler, and passenger vehicle (PV) categories grew by 21 per cent, 23 per cent, and 17 per cent, respectively, on a Y-o-Y basis.
Bu hikaye Business Standard dergisinin December 07, 2023 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 07, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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CONSOLATION PRIZES
UN climate summit in Baku leaves the developing world with crumbs
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Now boarding
Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN
