Auto retail remains in the slow lane in December led by poor two-wheeler sales

Vehicle registrations with regional transport offices, which are a good proxy for retail, declined 16% year-on-year during December. Two-wheelers, the most popular mode of personal transport in India, saw a 20% decline in registrations. Sharp price increases over the past two years, high fuel costs, poor rural sentiment and work from home kept customers away from showrooms, especially in the entry-level segment.

via Economictimes