Indian passenger vehicle retail sales decreased by 1.0% in May 2024

On June 10, the Federation of Automobile Dealers Associations (FADA) announced that passenger vehicle (PV) sales decreased by 1.0% yoy in May 2024, to 303,358 units against 306,305 units in May 2023. Commercial vehicle (CV) sales also increased by 4.1% yoy in May 2024, to 83,059 units against 79,807 units in May 2023....

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