India's auto retail grow modestly by 2.88% in August

The two wheelers (2W) segment saw a Y-o-Y growth of 6.28%, despite a 7.29% M-o-M decline, primarily due to rain disruptions and market saturation. The Passenger Vehicles (PV) segment registered a decline of 4.53% Y-o-Y and 3.46% M-o-M. Commercial Vehicles (CV) saw a sharp drop with an 8.5% MoM and 6.05% YoY decline, attributed to weather-related disruptions and weak industrial demand.