Fada report says Passenger vehicle retail sales increase by 39 pc in August | Good days have come for the auto industry! Passenger vehicle sales cross 2.5 lakh in August with a growth of 39%

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Good days have come for the auto industry! Passenger vehicle sales cross 2.5 lakh in August with a growth of 39%

New Delhi. The days of India’s auto industry, which is already seeing difficult days before the Corona crisis, have started changing. Retail sales of passenger vehicles increased by 39 per cent year-on-year to 2,53,363 units in August. The Federation of Automobile Dealers Association (FADA), an association of vehicle dealers, has given this information. Passenger vehicle sales stood at 1,82,651 units in August 2020.

Two-wheeler sales rose 7 per cent to 9,76,051 units in August as against 9,15,126 units in the same month a year ago. Commercial vehicle sales during this period stood at 53,150 units, up 98 per cent. In August, 2020, this figure was 26,851 units. Three-wheeler sales during this period grew by 80 per cent to 30,410 units as against 16,923 units in the same month a year ago. Total vehicle sales across categories increased by 14 per cent to 13,84,711 units in August. The total vehicle sales in August 2020 stood at 12,09,550 units.

Sales of Hyundai, Tata Motors, Mahindra, Honda increased

There has been an increase in the sales of the country’s major car companies in August. Passenger vehicle sales of Hyundai, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar and Honda rose during the month as sentiment improved amid the festive season. Mahindra & Mahindra’s passenger vehicle sales in the domestic market jumped 17 per cent to 15,973 units as against 13,651 units in the same month a year ago. Mahindra & Mahindra Chief Executive Officer (CEO) – Automotive Division Vijay Nakra said that Thar, XUV300, the recently introduced Bolero Neo and Bolero Pik-up series achieved good booking figures during the month. He said the supply of semiconductors is a global issue for the automobile industry. Tata Motors’ passenger vehicle sales in the domestic market grew by 51 per cent to 28,018 units as against 18,583 units in the same month a year ago.

Maruti’s sales decreased

The sales of the country’s largest car maker Maruti declined in August. Maruti Suzuki India’s domestic market sales declined by six per cent to 1,10,080 units in August from 1,16,704 units in the same month a year ago. The company said that due to shortage of electronic components, its sales were affected during the month.

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