Aided by discounts, passenger vehicle sales rebound in January
New Delhi, Feb. 15 -- Retail sales of passenger vehicles in India rebounded sharply in January as auto makers offered a range of discounts to clear unsold stocks while slowing dispatches of new vehicles to dealers to help trim inventory. Sales of trucks and buses as well as twowheelers, however, remained subdued last month, showed data issued on Thursday by lobby group Federation of Automobile Dealers Associations (FADA). Registrations of cars, sport-utility vehicles (SUVs) and minivans surged 34% in January, when compared with the preceding month, to 271,395 units, indicating an uptick in consumer sentiment in the domestic market. Retail sales of passenger vehicles had fallen 3% to 202,585 units in December despite a host of year-end disco...
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