Indian passenger vehicle retail sales decreased to 353,990 units in October. Meanwhile, wholesale numbers reached a historic high of 391,472 units, marking a 16.3 percent YoY increase, attributed to strong demand ahead of Diwali and new model launches.
FADA Results For October: The first half of October 2023, marked by the Shraddh period, saw an 8% YoY decline. However, a MoM comparison reveals a 13% surge, indicative of resilient market demand. Navratri 23 brought unprecedented sales to auto retail, surpassing the previous high of Navratri 17. YoY figures for this period show a robust 18% increase in overall auto retail, FADA said.
India automobile retail sales declined 8% in October: Industry data aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Automobile retail sales dip 7.73% in Oct: FADA orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.