New Delhi, Sept. 26 -- Passenger vehicle retail sales are expected to grow 15-16 per cent for September as consumer appetite remains steady, even as manufacturers implement selective price increases across the sector to counter input cost pressures, according to a research report by Yes Securities.

The overall domestic automobile retail market maintains positive momentum across segments excluding tractors, driven by strong channel confidence ahead of the festive period.

"Auto industry retail remains firmly positive with double-digit growth across segments (ex-tractors) even though weak monsoon spread is an emerging risk to volumes," the report stated.

However, uneven monsoon distribution across several regions continues to emerge as a ...