When compared to June 2019 (a regular pre-Covid month), retail sales are still down by 28.32%, according to a report of the dealers’ lobby. Total M&HCV sales for the first quarter of FY22 clocked 29,158 units, while total LCV sales stood at 76,642 units.Two-wheeler clocked 2,403,591 units in Q1 FY22 as against 1,294,509 units in Q1 FY21. This year too, in Q1 (FY22) sales were subdued due to the impact of the Covid second wave.”“Sales of all segments were lower in the past several years, barring Q1 of FY21. Passenger vehicle segment registered sales of 6.46 lakh units in this quarter, which is lowest in the past 7 years, barring Q1 of FY 21. Sales of 1.06 lakh units for the commercial vehicle segment and 24.04 lakh units for the two-wheeler segment, were lowest in the past 12 years, barring Q1 of FY 21.

Source: Economic Times July 14, 2021 10:41 UTC