September auto retails down 9.26% on heavy rainfall, weak sentiments

Weak consumer sentiments and heavy rainfall led to a 9.26% drop in retail sales of passenger vehicles, two-wheelers, and commercial vehicles in September. This decline marks the first drop across all segments for the fiscal year. Despite steep discounts, passenger vehicle sales fell nearly 19%. Dealers are now hoping for a revival during the Navratri and Diwali festivals.