Automobile retail sales drop by around 3% in November: FADA
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Automobile dealers' body Federation of Automobile Dealers Associations (FADA) in its latest report has showed that automobile retail sales in the country dropped by around 3 per cent in November as chip shortage and heavy rains in South India impacted sales across various segments, including passenger vehicles and two-wheelers.
As per the report, the total registrations last month stood at 18,17,600 units, down 2.7 per cent from 18,68,068 units in November 2020. Passenger vehicle sales last month stood at 2,40,234 units, a drop of 19.44 per cent from 2,98,213 units in the same period last year. Similarly, two-wheeler sales last month dropped to 14,33,855 units as compared to 14,44,762 units in the year-ago period.
FADA further noted that tractor sales dropped to 45,629 units last month from 50,180 units in November 2020. Commercial vehicle and three-wheeler registrations, however, increased last month as compared to the year-ago period.
