Economy

Vehicle Registrations Rise in October

Vehicle Registrations Rise in October

The Federation of Automobile Dealers Association(FADA) has disclosed that vehicle registrations have picked up in the month of October riding on the festive season.

Overall vehicle registration across various categories registered a 4% rise on a year on year basis in October while that two wheeler segment registered a 5% growth. The three wheeler segment saw a 4% growth. Retail sales of passenger vehicles rose by 11% however registration of commercial vehicles was down by a whopping 23% on a year on year basis.

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