PV retail sales up 4% in Nov on festive demand: FADA
According to the Federation of Automobile Dealers Associations (FADA), passenger vehicle retail sales has witnessed a growth of 4.17% (YoY) to 2,91,001 units in the month of November as the Diwali-Dhanteras period led to a rise in vehicle registrations. Passenger vehicle sales stood at 2,79,365 units in November 2019.
Commenting on the performance of Indian automobile industry, FADA President, Vinkesh Gulati said, “Automobile industry has seen one of the best recovery rates since unlocking began as November continues to see positive momentum by growing 29.32% on MoM basis.”
