Monday, April 3, 2023

Auto sales point to distress in rural India even before El Nino arrives

Two-wheeler retails in FY23 fell to a seven-year low and tractors saw the slowest growth pace among all peers, reflecting inflation’s adverse impacts on rural India. Select segments like two-wheelers and tractors will be key monitorable in the coming months, with the IMD predicting above-normal temperatures from April to June across most parts of India, except northwest and peninsular regions.

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