India's passenger vehicle retail sales increase by 14 pct in March

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India's passenger vehicle retail sales increase by 14 pct in March

STORY: India's passenger vehicle retail sales increase by 14 pct in March DATELINE: April 5, 2023 LENGTH: 00:01:28 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India gate 2. various of a two-wheeler showroom 3. various of a four-wheeler showroom 4. various of traffic STORYLINE: Passenger vehicle retail sales in India increased by 14 percent year-on-year in March, said the Federation of Automobile Dealers Association (FADA), India's top body of the automotive retail industry. According to the latest data released by the FADA on Tuesday, two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles grew by 12 percent, 69 percent, 14 percent, and 10 percent, respectively, while tractors grew by 4 percent. Although the two-wheeler segment demonstrated growth over the same period last year, it remains significantly below pre-pandemic levels, indicating that rural India is still bearing the burden of high inflationary costs. "The three-wheeler segment achieved record-high reta

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