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 dealerships across the country.