‘Auto retail sales decline 5% as two-wheelers, tractors drag’
The Hindu
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Retail sales of automobiles declined 5% last month, pulled down by a double-digit slump in sales of two-wheelers and tractors. According to data from the Federation of Automobile Dealers Associations (FADA), total retail sales in September were 12.96 lakh units compared with 13.68 lakh a year earlier.
While two-wheeler sales fell 11.5% to 9.14 lakh units, tractor sales slid 23.9% to 52,896 units. Sales of passenger vehicles, however, climbed 16.3% to 2.33 lakh units. Likewise, commercial vehicle retail business grew 46.6% to 58,820 units, while sales of three-wheelers rose almost 51% to 36,612 units.
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