April retail vehicle sales fall 28% month-on-month

For FY20-21 vehicle registrations are below FY12-13 levels, lowest in eight years, according to Federation of Automobile Dealers Associations.

With almost all States resorting to either a partial or a full lockdown amid the second wave of , total retail vehicles registrations declined by 28% to about 11.85 lakh units in the last month as compared to sales of over 16.49 lakh units in March 2021, the Federation of Automobile Dealers Associations (FADA) said on Monday. For the full year ending March 31, 2021, total vehicle sales fell nearly 30% to 1.52 crore units. The annual vehicle registrations are below FY12-13 levels, lowest in eight years. The automotive dealers’ body added that the second wave of the pandemic had not only hit urban markets but also unsettled the rural markets, which were relatively insulated during the first wave. Hence, the recovery for the sector was expected to take longer compared to the recovery which followed the first wave.