Vehicle registrations rise 13.84% in July driven by rural demand, discounts
Registrations of cars, two-wheelers and commercial vehicles – a proxy for retail sales – rose by 13.84% to 2,034,116 units last month as dealers liquidated stocks driven by demand from rural markets and attractive discount schemes floated by companies to draw buyers. Dispatches of passenger vehicles last month, though, declined by about 2% with automakers … Read more