Vehicle retail sales rise by 34.12% (YoY) in July 2021

Vehicle retail sales rise by 34.12% (YoY) in July 2021

08/10/2021

Passenger vehicle sales increased by 62.90% compared to the previous year.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales went up by 34.12% in July 2021, compared to the same month last year.

Overall sales for the month of July 2021 stood at 15,56,777 units, compared to 11,60,721 units in June 2020. However, compared to July 2019, when 17,93,882 units were sold, total vehicle retails have fallen by 13.22%.

The tractor segment registered a growth of 6.64% in July 2021. 82,388 units were sold as opposed to 77,257 in July 2020.

Two-wheeler sales increased by 27.56% to 11,32,611 units from 8,87,937 units in July 2020.

Three-wheeler sales were up by 83.05% YoY. 27,904 units were sold compared to 15,244 units in July 2020.

Passenger vehicle sales increased by 62.90% compared to the previous year. 2,61,744 units were sold compared to 1,60,681 units in July 2020.

Commercial vehicle sales increased by 165.94%. 52,130 units were sold in July 2021 compared to 19,602 units in July 2020.

Team-BHP’s detailed analysis of the July 2021 sales figures.

Source: Read Full Article