Passenger vehicle retail sales dip 4% in January: Industry body FADA

Passenger vehicle retail sales dip 4% in January: Industry body FADA

Automobile dealers’ body FADA on Tuesday said passenger vehicle (PV) retail sales in January witnessed a year-on-year decline of 4.46 per cent to 2,81,666 units, as semiconductor shortage impacted the segment.

According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,273 out of the 1,480 regional transport offices (RTOs), PV sales stood at 2,94,817 units in January 2020.

Two-wheeler sales declined 8.78 per cent to 11,63,322 units last month, as compared to 12,75,308 units in January 2020.

News Source: INDIANEXPRESS

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