PV retail sales plunged 8.8% in Oct


Saloni Subha (Intern Journalist) New Delhi: Automobiles dealers body (FADA) on Monday informed passenger Vehicle retail sales in October faced a year on year by 8.8% to 2,49,860 units because registration slows down due to supply issues.

As per the Federation of Automobile Dealers Associations whose function collected vehicle registration data from 1,257 out of the 1464 regional transport offices (RTOs), PV sales stood at 2,73,980 units in October 2019.

Two-wheeler sales decreased by 26.82% to 10,41,682 units in September, as compared to 14,23,394 units in October 2019. Commercial vehicle sales have also declined by 30.32%. However, tractor sales increased by 55% to 55,146 units last month last year. Total sales across categories declined 23.99% to 14,13,549 units last month compared to 18,59,709 last year.