July auto retail sales rise 25.9% YoY to record 25.91 lakh units; passenger vehicle inventory remains elevated: FADA
New Delhi, Aug. 6 -- Vehicle retail sales in India rose 25.89 per cent year-on-year to an all-time high for the month of July at 25.91 lakh units, driven by broad-based growth across all major vehicle categories, according to data released by the Federation of Automobile Dealers Associations (FADA) on Thursday.
On a sequential basis, however, total retail sales were largely flat, slipping 0.16 per cent from June, reflecting the impact of heavy monsoon rains and the traditionally subdued Aadi and Shravan period in parts of the country.
Two-wheeler retail sales, the largest segment, stood at 18.18 lakh units in July, up 28.25 per cent year-on-year but down 1.26 per cent month-on-month. Passenger vehicle (PV) retail sales rose 19.13 per ce...
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