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Auto retail sales fall 23.8% in October to 3.172 million units: Fada
India's automobile retail sales declined 23.8 per cent year-on-year to over 31.72 lakh units in October this year on a high base, with a decline in two-wheeler and passenger vehicle registrations, according to data from the Federation of Automobile Dealers Associations (FADA). The drop reflects Dhanteras and Diwali falling in November this year, while both Navratri and Diwali were in October last year, with strong pent-up demand post the GST cut. Two-wheeler retail sales fell 28.35 per cent to …
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