India Retail Car Sales Climb to Record High in April
Indian car sales hit an April record as rural demand grew 20.4%. Dealers remain cautious about fuel price risks and heatwaves impacting future sentiment.
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India retail passenger vehicle sales rose 12.2% to a record 407,355 units in April, the Federation of Automobile Dealers Associations said. Growth followed September rate cuts and a 20.4% surge in rural demand for small cars. Investors are monitoring if rising fuel costs from Middle East tensions will stall this record-breaking momentum.
