Festive season, SUV demand drive auto sales to record high at 3.6 lakh units in August
The domestic automobile retail sales stood at 3,43,000 units during the month under review, up 7.3% vis-a-vis 3,19,800 units in the same period last year.
The domestic automobile retail sales stood at 3,43,000 units during the month under review, up 7.3% vis-a-vis 3,19,800 units in the same period last year.
Notably, the wholesale in the automobile industry stood at 3,52,000 units as against 3,19,500 retail sales in July.
Price hikes and higher interest rates have failed to come in the way of India's love for cars.
In the quarter, 517,898 units of utility vehicles were sold in the domestic market, whereas passenger cars did sales of 468,513 units.