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Passenger vehicle retail sales decline by 25.19% to 1,57,373 units in July: FADA
Aug-11-2020

The Federation of Automobile Dealers Associations (FADA) in its latest data has showed that passenger vehicle (PV) retail sales declined by 25.19 percent to 1,57,373 units in July 2020 compared to sales of 2,10,377 units in July 2019 as coronavirus pandemic continued to impact vehicle offtakes. Automobile dealers' body FADA collects vehicle registration data from 1,235 out of the 1,445 regional transport offices (RTOs).

As per the data, two-wheeler sales declined 37.47 percent to 8,74,638 units last month as compared to 13,98,702 units in July 2019. Commercial vehicle sales declined 72.18 percent to 19,293 units as compared to 69,338 units in July 2019. Three-wheeler sales declined by 74.33 percent to 15,132 units last month as compared with 58,940 units in July 2019. Total sales across categories declined 36.27 percent to 11,42,633 units last month as against 17,92,879 units in the year-ago month.

Commenting on the July retail sales, FADA President Ashish Harsharaj Kale said as the country continues to open up, last month saw better registrations compared to June, though on a year on year basis auto sector recovery is yet to be seen anywhere near normal. He noted that current market conditions are still not indicative of the actual demand situation on an all India level and retail continue to de-grow in huge double-digit despite the low base of last year.

On sales outlook for August, he said if there were no further lockdowns, especially in auto manufacturing hubs, the outlook for the month is positive in comparison to July. However, the full year outlook continues to remain negative with a projected de-growth in retail sales in the range of 15-35 percent across various segments except tractors which looks set to clock a positive annual growth.

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