Auto Retail Sales Jump 26% in July, Alternative Fuels Closing on Petrol Share
· rediff.com
Total automobile retail sales in India surged by 25.89 per cent year-on-year to 25,91,138 units in July, driven by GST rationalisation, ease of retail finance, and favourable festival timing, according to the Federation of Automobile Dealers Associations (FADA). This marks the first time all vehicle categories recorded their best-ever July sales.
India's automotive retail sector experienced a significant boom in July, with total sales soaring by nearly 26 per cent year-on-year, driven by robust demand ac...