Retail Auto Sales Surge 27% In April As Rural Demand Revives
The industry remains cautiously optimistic due to rising interest in new models and strategic planning.
Retail auto sales in India surged by nearly a fourth in April as demand has revived in the hinterland.
Retail auto sales rose 27% year-on-year to 22,06,070 units last month, according to a statement released on Wednesday. That came on the back of new launches in the four-wheeler and two-wheeler categories.
Two-wheeler retail sales up 33% YoY to 16,43,510 units
Three-wheeler retail sales up 9% YoY to 80,105 units
Car retail sales up 16% YoY to 3,35,123 units
CV retail sales up 1% YoY at 90,707 units
Tractor retail sales up 1.37% YoY to 56,625 units
"The industry remains cautiously optimistic due to rising interest in new models and strategic planning, but careful monitoring of election-related uncertainty and financial challenges," Manish Singhania, president of the Federation of Automobile Dealer Associations, said.
