‘Retail auto sales stayed stuck in the slow lane in November’
The Hindu
Heavy rains, chip shortage led to a 3% decline, says FADA
Automobile retail sales in the country declined by about 3% in November as chip shortages and heavy rains in South India impacted sales across various segments including passenger vehicles and two-wheelers, automobile dealers’ body FADA said on Wednesday.
Total registrations slid 2.7% last month to 18,17,600 units, from 18,68,068 units in November 2020. Passenger vehicle sales, however, slumped a much sharper 19.4% to 2,40,234 units, from 2,98,213 units in the same period last year.
Similarly, two-wheeler sales last month dropped to 14,33,855 units, from 14,44,762 units in the year-earlier period. Tractor sales slid to 45,629 units last month from 50,180 units in November 2020.
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