Vehicle Retail Sales Fall 5.27% As Two-Wheelers, Tractors Drag: FADA
NDTV
Overall vehicle retail sales declined 5.27% in September on a yearly basis, dragged by a double-digit slump in sales of two-wheelers and tractors.
New Delhi: Overall vehicle retail sales declined 5.27% in September on a yearly basis, dragged by a double-digit slump in sales of two-wheelers and tractors. Federation of Automobile Dealers Associations or FADA, said, two-wheeler segment registered a fall of 11.54% and tractor sales dropped by 23.85% in September, 2021, as against the same period last year.
However, passenger vehicle (PV) sales and commercial vehicle retail business jumped 16.3% and 46.6% respectively.
Commenting on this year's September numbers, FADA President, Vinkesh Gulati said, "Auto retail has taken a pause as overall sales were down by 5%." He added that on a long term basis, except tractors which grew by 19% and PV which has almost reached pre-Covid levels (down nearly 2%), all the other segments were in red."
The two-wheeler category continued to play spoilsport as entry level segment is yet to witness healthy growth, the auto dealers' body stated.
