Vehicle sales surge 8% on strong demand and easing supply woes
Automobile registrations – a proxy for retail sales – increased 8% last month amid strong demand and improvement in supply challenges.
As many as 15,21,490 vehicles were sold last month, which is an increase of 8.3% over 14,04,704 units sold in the same period last fiscal, as per data available with the Federation of Automobile Dealers Associations (FADA). Sales were, however, lower by 7% when compared with August 2019.
Read more at: ECONOMIC TIMES
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