Auto sales up 8% in August: FADA
Passenger vehicle sales rose 6.51% year-on-year to 2,74,448 units in August.
Passenger vehicle sales rose 6.51% year-on-year to 2,74,448 units in August.
While passenger vehicle sales declined 5% year-on-year in July, the two-wheeler segment witnessed an 11% drop in sales last month.
The auto dealers' lobby warns that high interest rates for vehicle loans will be an additional blow for the two-wheeler segment.
Two-wheeler sales plunged 21% to 11,84,210 units last month.
Two-wheeler sales declined by 4.02% year-on-year to 11,57,681 units last month.
Vehicle sales fell 13.08% from a year ago. The saving grace for the auto industry, which has seen falling sales for more than a year, came from sales of utility vehicles, which saw a 30% spike.