India's Oct YoY retail sales fall on supply shortage, cost pressures: FADA


New Delhi, Nov 18 (IANS): Semiconductor supply shortages as well as inflationary pressures dampened India's overall vehicle retail sales on a year-on-year basis, in October 2021.

Accordingly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a fall of 5.33 per cent during the month under review from October 2020.

The vehicle retail sales fell to 13,64,526 units last month from 14,41,299 units sold during the corresponding month of 2020.

However, on a sequential basis, the overall vehicle retail sales for last month was higher than 12,96,257 units sold in September 2021.

Similarly, last month's overall retail sales figure, when compared to the October 2019 (pre-pandemic) period, showed a decline of 26.64 per cent.

In October 2019, the overall vehicle retail sales stood at 18,60,098 units.

Notably, the 42-days festive period during 2021 saw retail sales falling by 18.21 per cent to 20,90,893 from the corresponding period of last year.

 

  

Top Stories


Leave a Comment

Title: India's Oct YoY retail sales fall on supply shortage, cost pressures: FADA



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.