FADA says pent-up demand spurs deliveries to 12 lakh unitsFuelled by pent-up demand and aided by a low base, total retail sales of vehicles rose 22.6% from a year earlier to more than 12.1 lakh units in June 2021, the Federation of Automobile Dealers Associations (FADA) said. However, registrations were still about 28% lower when compared with the pre-pandemic June 2019 figure of more than 16.98 lakh units. On a year-on-year basis, all vehicle categories saw growth in sales last month led by commercial vehicles (CVs), which more than tripled to 35,700 units. The non-availability of BS-6 vehicles, combined with the pandemic impact, had to extremely low deliveries in June 2020. Passenger vehicle (PV) sales jumped 43.5% to about 1.84 lakh units, three-wheelers increased almost 22% to 14,732 units, two-wheeler registrations rose almost 17% to 9.3 lakh units and tractor deliveries were 14.3% higher at 52,261.

Source: The Hindu July 08, 2021 17:03 UTC