India's retail auto sales rise 25% in Feb on tax-cut boost, seasonal demand

Contributing sentiments towards policy:

52% : Analysts had expected double-digit year-on-year growth in February, supported by price cuts, new model launches and firm rural demand, after India cut taxes on vehicles last September to boost consumption in the wake of steep U.S. tariffs.
48% : The dealer body's president, C.S. Vigneshwar, told Reuters that growth is likely to sustain for several quarters, if not years, noting that the industry had always expected the impact of the tax cuts to be "seismic" rather than seasonal.
47% : Image: Bloomberg India's retail vehicle sales jumped 25.6 per cent in February, as last year's tax cuts and a pick-up in weddings drove demand for two-wheelers and passenger vehicles, the auto dealers' body said on Thursday.

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