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Reuters reports: "
Retail vehicle sales fell 19.3% in November
Total retail vehicle sales across the country fell 19.3% in November to just over 18.27 lakh vehicles from a year earlier. Festive season demand, though, helped passenger vehicles (PVs) show 4.17% growth to 2.91 lakh units in November, as per data released on Tuesday by the Federation of Automobile Dealers Associations (FADA).
However, despite the festive season, two-wheeler and commercial vehicle sales nosedived 21.4% and 31.2%, respectively.
As per FADA, which collected vehicle registration data from 1,265 out of the 1,472 regional transport offices (RTOs), during the 42-day festive seasons, the industry sold more than 4.31 lakh vehicles, showing growth of 13.6% compared with a year earlier.
Tractor sales continued to grow, rising 8.47% to 49,313 units, as against 45,462 units in November 2019.
However, sales of two-wheelers fell to just over 14.13 lakh units from 17.98 lakh units during the month. During the festive period this year, two-wheeler sales declined 6.31% to about 19 lakh units, as against over 20.34 lakh units in the same period of 2019.