Automobile retail sales witnesses fall of 8% in July: FADA
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The automobile dealers' body Federation of Automobile Dealers Associations (FADA) in its latest report has showed that automobile retail sales witnessed a fall of 8 per cent on an annual basis in July in India at 14,36,927 units, as compared with 15,59,106 units in July 2021, on account of fall in registrations of passenger vehicles, two-wheelers and tractors.
As per the report, passenger vehicle retail sales witnessed a dip of 5 per cent at 2,50,972 units last month, as against 2,63,238 units in the year-ago period. Similarly, two-wheeler retail sales stood at 10,09,574 units in July, down 11 per cent from 11,33,344 units in July 2021.
Besides, Tractor sales also remained in the slow lane at 59,573 units last month, down 28 per cent from 82,419 units in the year-ago period. However, three-wheeler sales saw positive momentum last month with increase in sales as compared to July 2021, increasing by 80 per cent to 50,349 units, as compared to 27,908 units in the year-ago period. Similarly, commercial vehicle sales witnessed an increase of 27 per cent at 66,459 units in July, as against 52,197 units in the same month last year.
