India’s auto retail slips 4.3%: Passenger vehicles, two-wheelers’ sales decline in July; tractor segment bucks trend with 11% growth

India’s vehicle retail sales experienced a 4.31% year-on-year decline in July, totaling 1.96 million units, attributed to weak consumer sentiment and a high base effect. While tractor sales surged by 11% due to favorable monsoon and farm subsidies, passenger vehicles and two-wheelers saw drops. Commercial vehicle sales remained nearly flat, influenced by heavy rainfall and deferred purchases.