New Delhi, May 9 -- India's automobile industry is experiencing mixed fortunes as factors like improved vehicle supplies, new model launches, and favourable crop yields have boosted customer interest but the looming uncertainty around elections is casting a pall over auto sales.
The Federation of Automobile Dealers Associations (FADA) reported a 27 per cent year-on-year increase to 2.2 million units in April compared to the same month last year in overall retail vehicle sales.
Two-wheeler sales jumped 33 per cent year-on-year to over 1.6 million units last month, benefiting from better availability of entry-level 125cc motorcycles and scooters.
Passenger vehicle sales also climbed 16 per cent bolstered by new product launches and posi...