 "automobile, auto industry, auto brands, cars")
The auto industry’s retail sales in February dropped 8.06 per cent, even as weak consumer demand continues for the sixth straight month. Inventory levels across all categories reached an unsustainable high and at alarming levels in two-wheelers, add dealers.
The Federation of Automobile Dealers Associations (FADA) of India data shows the total auto sales in February was 1,452,078, compared to 1,579,349 units last year — a drop of 8.06 per cent year-on-year (YoY). The month-on-month (MoM) drop was 15.30 per cent, from 1,714,400 units sold in January.
Last week, the Society of Indian Automobile Manufacturers released the wholesale data, which
