Passenger Vehicle Retails Sales Drop 11% In Dec Amid Semiconductor Issue
India's passenger car retail sales declined by 11% in December, as a shortage of semiconductors, said Federation of Automobiles Dealers Associations (FADA) on January 5. Retail sales of passenger vehicles declined in December 2021 by 10.91% to 2,44,639 units from 2,74,605 units in December 2020. "Retail sales continued to disappoint, thus wrapping up an underperforming calendar year,'' said FADA President Vinkesh Gulati. FADA has 26,500… read-more
Tags: Passenger Vehicle, FADA, Business News, Vinesh Gulati, semiconductor
Courtesy: The Free Press Journal
Automobile Industry Grows by 34% In July 2021 Than Last Year
The Automobile industry has seen positive growth of 34.2% in July 2021 than July 2020, according to the Federation of Automobile Dealers Association (FADA). Last year in July 2020, people purchased 11.6 lakh vehicles and now it has increased to 15.56 lakh vehicles. The commercial vehicles sales increased by 166%, followed by 83% in a three-wheeler, 63% in passenger vehicles, and 27% in a two-wheeler, and 6% in tractors.
Tags: Automobile, Sales, Retail Auto Sales, FADA, Growth
Courtesy: ANI
Auto Sales In India Soars By 22.62%, Says FADA Report
As per the latest Federation of Automobile Dealers Associations (FADA) data, Indians have purchased an overall of 12.17 lakh vehicles in 2021, compared to 9.92 lakh vehicles in 2020. Reportedly, two-wheeler and three-wheeler vehicle sales surged by 16.90% and 21.98% respectively, while commercial & passenger vehicle sales rose by 236.19% and 43.45%, respectively. ''When compared to June 2019, we are still in red by -28%,'' said FADA… read-more
Tags: India auto retail, FADA, vehicle sale, retail, Automobiles
Courtesy: Auto Car India