Auto sales grow 3.1% in March, PVs and CVs fall 6% each ahead of Lok Sabha elections: FADA

Auto retail in March saw a 3.14% YoY growth, despite declines in passenger vehicles, commercial vehicles, and tractors. E-2W sales surged after FAME-II subsidy expiration, reaching 9.12% market share. Lok Sabha elections impacted PV, CV, and tractor sales. FY24 witnessed 10% growth with optimistic outlook for FY25, despite urban consumer sentiment decline.

from Auto-Industry-Economic Times https://ift.tt/MZKcXD4