Festive Season Worst In A Decade For PV Sales: FADA

Automobile retail sales in country fell 18% year-on-year in 42-day long festive period as semiconductor shortage impacted production

NEW DELHI: Automobile retail sales in the country fell 18 per cent year-on-year in the 42-day long festive period this year as semiconductor shortage impacted production across companies affecting their ability to supply adequate numbers to dealer partners, FADA said on Thursday.

During the period under review, barring three-wheeler and commercial vehicles, all other segments including passenger vehicles, two-wheelers and tractors were down as compared with the same period of last year.

As per data collated by the Federation of Automobile Dealers Associations (FADA), total retail sales across segments stood at 20,90,893 units this festive period, down 18 per cent from 25,56,335 units in 2020.

Passenger vehicle registrations stood at 3,24,542 units, down 26 per cent from 4,39,564 units in the festive period last year. Similarly, two-wheeler sales declined by 18 per cent at 15,79,642 units this year as against 19,38,066 units in 2020.

Tractor sales were down 23 per cent at 56,841 units as compared with 73,925 units in the same period of last year.