India's Auto Retail Defies Lull, Records Strong November Sales

• India's auto retail sector saw stronger-than-expected performance in November, bucking the traditional post-festive lull with overall registrations growing 2% YoY.
• Sustained demand was driven by GST rate cuts, OEM-dealer offers, and price reductions across categories.
• Passenger vehicle sales surged 20% YoY, supported by GST benefits and marriage season demand, while two-wheelers declined 3% YoY.
• The near-term demand outlook remains firm, bolstered by strengthening rural sentiment, favorable macro indicators, and a strong rabi season start.

Why It Matters: Strong auto sales in November signal robust consumer confidence and economic resilience.