Retail auto sales grow for 1st time in FY21 in December

Retail automobile sales registered growth for the first time during the ongoing fiscal in December, data released by the Federation of Automobile Dealers Associations (FADA) showed. Retail sales across categories grew 11% during December due to "festive season and pre-buying due to price hike announcement". However, FADA said that the demand for vehicles in January looks "bleak".