Auto Retail Sales: Two-Wheelers Beat Passenger Cars In Festive October

Passenger car sales at dealerships lagged demand for two-wheelers in the festive month of October as a global chip shortage continued to hurt production.Two-wheeler registrations—a measure of sales at dealerships—rose 5.63% over the preceding month, the first increase since July, according to data collated from the website of the Ministry of Road Transport and Highways. Retail sales of passenger cars, however, fell for the third stra...