Passenger vehicle retail sales down 59% in May as COVID disruptions impact offtakes: FADA
The Hindu
Total registrations across categories declined by 55% to 5,35,855 units last month compared to 11,85,374 units in April
Passenger vehicle (PV) retail sales in May witnessed a decline of 59% to 85,733 units as compared to April as Covid-related disruptions across States hit offtakes, automobile dealers’ body FADA said on June 10. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,294 out of the 1,497 regional transport offices (RTOs), PV sales stood at 2,08,883 units in April this year. Two-wheeler sales also declined 53% to 4,10,757 units last month, as compared to 8,65,134 units in April.
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