Auto retail sales rise by 11.21 % in November driven by two-wheeler demand: FADA

Retail vehicle sales saw an 11.21% rise in November 2024, driven by a 15.8% surge in two-wheeler demand. However, passenger vehicle sales dropped 13.72% due to weak market sentiment and limited new launches. Commercial vehicle sales also declined by 6.08%. Despite a mixed outlook for December, the overall sentiment remains cautiously optimistic due to a positive macroeconomic environment.