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Retail sales of passenger vehicles drop 11% to 2,43,183 units in July: FADA
Aug-20-2019

Automobile dealers' body -- Federation of Automobile Dealers Associations (FADA) has said that retail sales of passenger vehicles (PVs) dropped by 11% to 2,43,183 units in July 2019 as compared to 2,74,772 units the same period last year.  The drop in PV sales was mainly on account of weak demand across the country.

Two-wheeler sales declined by 5% to 13,32,384 units last month as compared to 14,03,382 units in the year-ago period. Commercial vehicle sales dropped by 14% to 23,118 units against 26,815 units in July last year. However, three-wheeler sales saw an increase of 3% to 55,850 units last month from 54,250 units in the same period a year ago.

Total sales across categories declined by 6% to 16,54,535 units in July as against 17,59,219 units. FADA President Ashish Kale said consumer sentiment and overall demand continued to be quite weak across all segments and most geographies. FADA represents over 15,000 automobile dealers who run around 25,000 dealerships across the country.

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