Auto retails rise 15% in Jan riding record PV sales; a tough Q4 awaits for CVs: FADA
According to data from FADA, the overall auto retail market in India grew by 15% YoY in January. The two-wheeler, three-wheeler, passenger vehicle, and tractor segments witnessed YoY growth of 15%, 37%, 13%, and 21%, respectively. However, commercial vehicles (CVs) only saw a 0.1% growth due to factors like extreme weather, tightened liquidity, high vehicle costs, and more restricted financing.
Tags : Auto sales India FADA sales data PV sales India CV sales India 2W sales India auto stocks auto retail market Manish Raj Singhania
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