The retail sales of vehicles across segments declined significantly by 8 per cent year-on-year (YoY) to 1,638,470 units in April, as political uncertainty before the general election results and continued lack of financing options due to the liquidity crunch in non-banking financial companies (NBFCs) kept potential customers away from showrooms, the data released by the Federation of Automobile Dealers Associations (FADA) showed.
Showroom sales of passenger vehicles--a bellwether of urban demand--declined 2 per cent to 242,457 units, when compared to 247,278 units sold in the ...
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