Passenger vehicle sales

Business

Passenger Vehicle Sales Decline in November Amid Subdued Wedding Season Demand

Passenger vehicle (PV) sales in November witnessed a sharp 14% year-on-year decline, falling short of market expectations despite an anticipated boost from India’s wedding season. The subdued performance followed October’s record-breaking festive sales. Dealers attributed this slump to weak market sentiment, limited product options, and a spillover of festival demand from late October’s Deepawali celebrations. Approximately 4.8 million weddings across…