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Federation of Automobile Dealers Associations see green shoots of recovery

Retail passenger vehicle sales for March rose 5 per cent from a month ago, while two-wheeler sales rose 10 per cent, according to data from the car dealers' association

BS Reporter 

Federation of Automobile Dealers Associations see green shoots of recovery

Retail passenger vehicle sales for March rose 5 per cent from a month ago, while two-wheeler sales rose 10 per cent, according to data from the car dealers’ association. According to (FADA), two-wheeler sales led the charge which saw 1,324,823 units being sold in the month, followed by (242,708), commercial vehicles (61,896) and 3-wheelers (53,229).
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Commenting on the yearly and monthly performance, Ashish Harsharaj Kale, president, FADA, said: "I am happy to share that at the retail front, the Indian auto sector has managed to close FY2019 on a positive note. All the segment echoed positivity in March when compared to February sales, with two-wheelers leading the charge with a healthy growth of 10 per cent which indicated slight improvement in consumer sentiment and liquidity availability." For the month of March 2019, while there was de-growth across categories on a year-on-year basis, the industry showed positive signs on a monthly basis as compared to February 2019.
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First Published: Thu, April 11 2019. 00:40 IST
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