Retail Auto Sales In June Point To Demand Revival In Rural Areas

Sales of passenger vehicles and tractors rose at dealerships but overall retail demand contracted for the third consecutive month in June even as the government unveiled measures to open up the economy following a stringent national lockdown lasting for more than two months.Vehicle registrations, a measure of sales at dealerships, rose sequentially but was down 42.9 percent year-on-year to 9.74 lakh units in June, according to data f...