Automobile sales nosedive 55% in May, Will June bring respite with ease in COVID-19 restrictions?

New Delhi: In the month of May, automobile sales dropped by over 55% month on month (MoM), courtesy of the lockdown announced in many states across the country to tame the second wave of COVID-19. In comparison to May 2019, auto sales plummeted by over 70%.  The drop in sales was witnessed across all automobile … Read more

Passenger vehicle retail sales down 59% in May as COVID disruptions impact offtakes: FADA

Total registrations across categories declined by 55% to 5,35,855 units last month compared to 11,85,374 units in April Passenger vehicle (PV) retail sales in May witnessed a decline of 59% to 85,733 units as compared to April as Covid-related disruptions across States hit offtakes, automobile dealers’ body FADA said on June 10. According to the … Read more

Auto dealers seek govt, RBI support to tide over second wave of COVID-19

New Delhi, May 13 (PTI) Automotive dealers have sought fiscal support, including an extension of GST payment for the next three months, to survive the second wave of COVID-19. As per industry sources, the automotive dealers’ body FADA has written to Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das, apprising them of the difficulties … Read more

Cars, SUVs buck retail auto sales drop

Tractors also retain traction in March. Retail sales of passenger vehicles maintained growth in March with more than 2.79 lakh units sold, data released by the Federation of Automobile Dealers Associations (FADA) showed. The figure was not strictly comparable with the year-earlier period, when sales were halted by the nationwide COVID-19 lockdown. Notwithstanding the lower … Read more

Passenger vehicle retail sales up 28%, two-wheeler registrations drop 35% in March: FADA

FADA president Vinkesh Gulati said that the global shortage of wafers, which is an input for semiconductor, kept PV waiting periods as high as seven months Retail passenger vehicle sales in the country grew 28.39% to over 2.79 lakh units in March 2021 as compared to the year-ago month which saw lower sales due to … Read more

Two-wheeler makers roll out discounts to shore up sales

India’s leading two-wheeler makers are offering cash discounts and attractive financing schemes to shore up retail sales of motorcycles and scooters, which have been hit due to high fuel prices and a fresh surge in Covid-19 infections across the country. “Retail sales of two-wheelers continue to be sluggish at the entry-level. These customers are mostly … Read more

Passenger vehicle sales up amid semiconductor shortage: FADA

Federation of Automobile Dealers Associations said the record high fuel price hikes will continue to have a negative impact on two-wheeler and commercial vehicle sales. Even as domestic retail sales of passenger vehicles saw a double-digit growth in February, nearly half of the automobile dealers lost business due to non-availability of vehicles as global semiconductor … Read more

Retail vehicle sales grow for first time in FY21 on pent-up demand: FADA

Domestic retail vehicle sales across categories grew for the first time in the current financial year in December with registrations rising 11% year-on-year (YoY) to more than 18.44 lakh, driven by a double-digit growth in sales of passenger vehicles (PV) as well as two-wheelers, according to data released by Federation of Automobile Dealers Associations (FADA) … Read more

Vehicle registration shows improvement in September, still down by 10.24% YoY: FADA

New Delhi: Vehicle registration have shown improvement on month on month basis, but it is still down as compared to year on year basis, the Federation of Automobile Dealers Associations (FADA) releasing the monthly vehicle registration data for the month of September 2020 said on Thursday. Vehicle Registrations in September continues to grow by 11.45 … Read more