Passenger vehicle retail sales dip 3% in May as demand softens

Passenger vehicle retail sales in India experienced a 3% decline in May due to customer purchase delays amid geopolitical tensions and softening demand for entry-level models. Two-wheeler sales rose by 7%, driven by auspicious events and pre-monsoon demand, while commercial vehicle sales fell by 4% due to muted freight and tight liquidity.

from Auto-Industry-Economic Times https://ift.tt/qr36JCS