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Rural vehicle retail sales rise 32.69% in September, outpacing urban, despite a 12.6% monsoon deficit

Rural vehicle retail sales rose 32.69 per cent year-on-year in September, ahead of 30.93 per cent in urban markets, FADA data show. Demand held despite the monsoon ending 12.6 per cent below normal, helped by non-farm incomes and a weak base.

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Demand data

Figures from Business Standard Companies & Industry,

Rural two-wheeler sales growth, September year-on-year: 33.11 per cent
Rural passenger vehicle sales growth, September year-on-year: 32.09 per cent

What it says about consumers

Rural vehicle retail sales rose 32.69% year-on-year in September, ahead of urban at 30.93%, so shift stock and sales effort toward rural two-wheelers (up 33.11%) and passenger vehicles (up 32.09%) as 75.57% of dealers expect October growth.

The source

Source Read the source at Business Standard Companies & Industry

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