Passenger vehicle and 2W retail demand strengthens in August ahead of festive season on strong Onam pull: Report

Passenger vehicle demand shows constructive growth, likely exceeding nine to ten percent year-on-year. Two-wheeler retail growth is estimated between eighteen and twenty percent during August. Commercial vehicles also posted steady trends with double-digit retail growth. Demand in southern markets led passenger vehicle sales due to early Onam. Improved supply chains and steady inquiry levels support broad-based retail momentum.

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