PV retail sales rise 4.17% in November, two-wheeler sales decline 21.4%

Passenger vehicle (PV) retail sales grew by 4.17 per cent in November to 2,91,001 units from 2,79,365 units in the corresponding period last year, while two-wheeler sales dropped 21.40 per cent to 14,13,378 units from 17,98,201 units in the year-ago period. 

Overall auto sales have seen one of the best recovery rates since unlocking began in November and continue to see positive momentum by growing 29.32% on M-o-M basis. On Y-o-Y basis, the negative slide continues with a degrowth of 19.29 per cent.

New launches, specially compact SUV’s, continued to show good demand in the PV segment. The focus in