Passenger vehicle retail sales dip 5% in March to 2,71,358 units: FADA

AgenciesUpdated: Tuesday, April 05, 2022, 02:35 PM IST
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PV sales stood at 2,85,240 units in March 2021, the Federation of Automobile Dealers Associations (FADA) said. | Pexels

Domestic passenger vehicle retail sales in March declined by 4.87 per cent to 2,71,358 units, as compared to the same month last year, automobile dealers' body FADA said on Tuesday.

According to the Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,85,240 units in March 2021.

''Passenger vehicles continue to see high demand and long waiting periods as semiconductor availability still remains a challenge, even though supplies slightly improved from previous month,'' FADA President Vinkesh Gulati noted.

The Russia-Ukraine war and China lockdown will further dent supplies and will hit vehicle deliveries, he added.

Two-wheeler sales declined by 4.02 percent to 11,57,681 units last month, as compared to 12,06,191 units in the year-ago period.

''The two-wheeler segment was already a non performer due to rural distress. It saw further dampening due to rise in vehicle ownership cost coupled with rising fuel cost,'' Gulati stated.

Commercial vehicle sales were up 14.91 percent to 77,938 units, as compared to 67,828 units in March last year.

Three-wheeler sales were also up 26.61 percent to 48,284 units last month, as compared to 38,135 units in March 2021.

Total sales across categories, however, declined by 2.87 percent to 16,19,181 units last month, as against 16,66,996 units in the same month last year.

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