Retail sale of passenger vehicles grew 4.2% from the year-earlier in November to 291,001 units, primarily due to festive demand during the key events of Diwali and Dhanteras. Sales also rebounded from October’s 249,860 units and 157,972 units sold in September, showed data issued by the Federation of Automobile Dealers Associations (Fada) on Tuesday. The growth in November sales was also helped by the low base of the corresponding month of last year, since both Dussehra and Diwali took place in October 2019. Also, most automakers made production cuts last year due to lower demand and the transition to Bharat Stage-VI emission noems. Retail sales this year are being influenced by factors such as robust demand in rural and semi-urban markets, demand recovery in metro cities from the pandemic-related disruptions and shift in customer preference for personal transport to avoid getting infected.
Courtesyg: Google (photo)
