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December Auto Retail Sales: Two-Wheeler Inventory Remains High, Tractor Demand Rebounds
Total vehicle registrations declined 14.2% over the previous month and 16% over December 2020.
06 Jan 2022, 04:25 PM IST
Two-wheeler inventory remained elevated as sales at dealerships in December declined after two months.Retail sales, measured by vehicle registrations, of two-wheelers fell about 20% over the preceding month, according to data on the Vahan portal of the Ministry of Road Transport and Highways.Demand failed to sustain the festive-period bump-up amid rising costs. Yet, companies continued to push stock, BloombergQuint’s dealer checks ha...
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