![PV retail sales rise 13% in Jan; elections to dampen CV demand in March quarter: FADA](https://images.assettype.com/fortuneindia%2F2021-03%2Fae3b6130-219f-4f0f-9f85-0fbd79fe7b66%2FIMG_9250_copy.jpg?w=300&q=95)
PV retail sales rise 13% in Jan; elections to dampen CV demand in March quarter: FADA
However, long-term fundamentals remain positive, with expectations of a post-election rebound as underlying industries resume tender processes.
However, long-term fundamentals remain positive, with expectations of a post-election rebound as underlying industries resume tender processes.
The surge is boosted by the launch of new models, continuously improving supply coupled with a healthy booking-to-cancellation ratio, and the wedding season, according to FADA.
In November, Maruti Suzuki grabbed the largest market share of 41.01% in the passenger vehicle segment and sold 1,23,409 units.
FADA says October will see auto retail on high grounds, with dealers anticipating the month to be the “best festive in a decade” for the PV segment.