PV retail sales rise 16% to 3.35 lakh units in April: FADA data
Passenger vehicle retail sales in India increased by 16% in April compared to the same month last year, according to data from the Federation of Automobile Dealers Associations. The growth was attributed to enhanced model availability and positive market sentiment during festive events such as Navratri and Gudi Padwa. However, challenges such as high competition, excess supply, and lack of new models affected sustained growth.