Auto retail sales rise 3% in April after two months of decline: Fada

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Auto retail sales rise 3% in April after two months of decline: Fada - Business Standard

Quick Summary:

All categories except commercial vehicles (CVs) closed in the green, with two-wheelers, three-wheelers, passenger vehicles, and tractors up 2.25 per cent, 24.5 per cent, 1.5 per cent, and 7.5 per cent, respectively.

At the same time, Kantar’s Rural Barometer and GroupM data signal heightened consumer selectivity in rural India — household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases,” Vigneshwar said.

However, the commercial vehicles segment faced a 1.05 per cent year-on-year decline following OEM-led price increases amid stagnant freight rates and fleet utilisation.