Festival season lifts retail auto sales by 12%, two-wheelers top demand

Quick Summary:

As many as 563,000 passenger vehicles were sold in the festival season of 2023.

Three-wheeler sales were up by 14 per cent at 160,000 units, compared to 150,000 from the year before.

As the festivities conclude, FADA anticipates passenger vehicle stock levels will reduce further from what we reported in our October retail data press release," said C S Vigneshwar, president of the association.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Tamil Nadu Bengaluru Two-wheeler Infrastructure Minimum Support Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 14:14:27 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 492 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23600746

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