Automobile retail sales drop 7% in February amid slowing demand: Fada

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Automobile retail sales drop 7% in February amid slowing demand: Fada - Business Standard

Quick Summary:

Automobile retail sales across categories, including passenger vehicles and two-wheelers, witnessed a drop of 7 per cent in February amid declining demand, dealers' body FADA said on Thursday.

"While such initiatives may serve broader business objectives, it is critical to align wholesale allocations with genuine demand to protect dealer viability and ensure healthy inventory management," Vigneshwar stated.

Overall retail sales in the domestic market stood at 18,99,196 units last month, registering a dip of 7 per cent compared to 20,46,328 units in the year-ago period.