According to a report by the Federation of Automobile Dealers Association (FADA), retail sales of cars declined 4.61 percent to 2,90,879 vehicles in January. In January last year, a total of 3,04,929 vehicles were sold. Out of 1,432 regional transport offices across the country, data on vehicles registered in 1,223 offices has been collected.
Three-wheeler sales increase marginally
Two-wheeler retail sales also declined by 8.82 percent in January. In which a total of 12,67, 366 two-wheelers were sold, while in January 2019 13,89,951 two-wheelers were sold.
However, during this period a slight increase in the retail sales of three-wheelers was recorded. It increased 9.17 percent to 63,514 in January 2020, compared to 58,178 vehicles in January 2019.
Commercial vehicle sales decreased
Retail sales of commercial vehicles also declined in January. It was down 6.89 percent to 82,187 vehicles. Retail sales of commercial vehicles in January 2019 were 88,271 vehicles. Total retail sales of vehicles in various categories declined by 7.17 per cent to 17,50,116 vehicles in January from 18,85,253 vehicles in the same period last fiscal.
FADA President Ashish Harshraj Kale said in a statement that vehicle sales have continued to decline in January. Only three-wheeler sales registered a slight increase. Most customers did not take the final decision to buy their vehicle. The change from BS-4 to BS-6 is also a major reason for delay in customers taking decisions.