Katya Naidu02 Feb 2024, 15:55
Indians kept up with their love for cars and bikes in the month of January, but tractor sales showed a sharp fall, indicating extended pain in the rural markets. Passenger vehicles sales went up in the mid teens, with sales tilting towards utility vehicles. “As per our estimates, domestic PV industry wholesale volumes increased by low teens YoY driven by channel filling whereas retail sales grew by single digit during the month,” said a report by Kotak Institutional Equities.