 "Passenger vehicle sales skid over 3% in November over costly fuel, loans")
Passenger vehicle (PV) retail sales grew by 4.17 per cent in November to 2,91,001 units from 2,79,365 units in the corresponding period last year, while two-wheeler sales dropped 21.40 per cent to 14,13,378 units from 17,98,201 units in the year-ago period.
Overall auto sales have seen one of the best recovery rates since unlocking began in November and continue to see positive momentum by growing 29.32% on M-o-M basis. On Y-o-Y basis, the negative slide continues with a degrowth of 19.29 per cent.
New launches, specially compact SUV’s, continued to show good demand in the PV segment. The focus in
