August 2023: Expect reasonable retail sales growth across all sectors, with PV deliveries likely to increase by 4% to 5% year over year
Two-wheeler retail sales are anticipated to increase by 4-5%, whereas analysts predict that passenger vehicle (PV) retail sales will increase by 5-7% year over year. Additionally, because of the impending holiday season, freight demand is predicted to increase post-monsoon, which might result in 4-6% YoY growth for MHCV retail.