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Passenger, commercial vehicles retail sales skid in August as heavy rains dampen sentiment

By Economic Times - 2 weeks ago
Retail sales of passenger and commercial vehicles in India declined in August due to excessive rainfall affecting consumer sentiment and economic activity. Passenger vehicle sales dropped by 4.5% and commercial vehicles by 6.05%. However, overall retail sales rose by about 3%, driven by higher two-wheeler and three-wheeler sales.

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