India's automobile retail sales rose 9.6% year-on-year in May, defying higher fuel prices, intense heatwave conditions and uncertainty stemming from the West Asia conflict, dealers' body FADA said on Monday, while expressing confidence that monsoon-led rural demand and Kharif sowing activity will help sustain sales momentum in the coming months.
Vehicle registrations across categories climbed to 25.31 lakh units in May, according to data released by the Federation of Automobile Dealers Associations (FADA). The industry recorded its best-ever May performance for passenger vehicles (PVs), three-wheelers, tractors and overall retail registrations, even as sales slipped 6.8% from April due to seasonal factors and a delayed onset of the southwest monsoon.
