Fine rainy spell & capex push help lift vehicle sales in June

Vehicle registrations in India saw a rise of 4.8% in June. Good monsoon rains and government spending boosted demand. Two-wheeler sales increased by 4.7%. Passenger vehicle and commercial vehicle sales also grew. Tractor and construction equipment sales witnessed significant jumps. Dealers are cautiously optimistic about the upcoming festive season. Geopolitical tensions and supply chain issues remain concerns.