PVs, CVs fall 6% each in March

(20 second reading) Auto retails in March registered a growth of 3.14 per cent on a YoY basis even as passenger vehicles, commercial vehicles and tractors saw a decline.
With the expiration of FAME-II subsidy on March 31, e-2W sales rose, with the category seeing a market share bump to 9.12 per cent for the first time ever.
Upcoming Lok Sabha took a toll on sales of PVs, CVs and tractors however. PV segment fell 2 per cent on a MoM basis and a 6 per cent YoY due to heavy discounting and selective financing
CV segment, down 6 per cent YoY in March,