Automobile dealers’ body FADA on Thursday said passenger vehicle (PV) retail sales in March witnessed a year-on-year growth of 28.39 per cent to 2,79,745 units, as compared to year-ago period which saw disruptions in the market due to COVID-19 led lockdown.
According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,277 out of the 1,482 regional transport offices (RTOs), PV sales stood at 2,17,879 units in March 2020.
Two-wheeler sales, however, declined 35.26 per cent to 11,95,445 units last month, as compared to 18,46,613 units in March 2020.
Commercial vehicle sales also fell 42.2 per cent to 67,372 units against 1,16,559 units a year ago.
Similarly, three-wheeler sales dropped 50.72 per cent to 38,034 units last month from 77,173 units in the year-ago period.
Tractor sales, however, grew by 29.21 per cent to 69,082 units last month, against 53,463 units in the same month last year.
Total registrations across categories declined by 28.64 per cent to 16,49,678 units last month compared to 23,11,687 units in the year-ago period.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.