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Retail Sales In February Point To Automakers Paring BS-IV Inventory
Vehicle registrations—a measure of retail auto sales—fell 2.3% sequentially and rose 1.2% yearly to 16.80 lakh units in February.
06 Mar 2020, 04:48 PM IST
Retail auto sales remained subdued in February even as dealers offered discounts to exhaust existing inventory ahead of the transition to stricter emission standards.Vehicle registrations—a measure of sales at dealerships—fell 2.3 percent sequentially to 16.80 lakh units last month, according to data from 1,225 regional transport offices in 32 states and union territories, collated by BloombergQuint from the website of the Ministry o...
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