Footfalls at auto dealers fall in June, so do RTO registrations

Vehicle registrations rose 0.73% to 1,895,552 units, with two-wheelers up 4.7%, three-wheelers 5.1%, passenger vehicles down 6.8%, and commercial vehicles falling 4.7%. Heatwaves, deferred purchases, and kharif crop delays impacted sales. Rural market share for two-wheelers fell to 58.6%. Dealers expect increased sales with improved supply and product launches despite high inventory and election slowdowns.