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Two-Wheelers, Commercial Vehicles Drag Down Retail Auto Sales In 2019
Vehicle registrations, an indicator of retail auto sales, fell in 2019, but maybe millennials got a bad rap for little reason.
02 Jan 2020, 06:17 PM IST
Retail auto sales resumed their decline in December, after two months of recovery on account of the festive season, indicating that the makers of cars and two-wheelers are yet to recover from the worst slowdown in more than two decades.The full year data shows that while the auto industry did suffer a sales contraction, it wasn’t as severe as the decline in wholesales. This indicates that a significant part of the problem, atleast fo...
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