Vehicle sales up 27% in June, still away from pre-Covid levels: FADA

However, the overall automobile retail sales declined 8.68% compared with the corresponding month in June 2019, indicating that the broad-based recovery has yet to kick in

Registration of automobiles across categories rose 27 per cent year-on-year in June as improved availability of semiconductors enabled automakers to increase output and dispatch more vehicles to dealers, said the Federation of Automobile Dealers Association (FADA) on Tuesday. But when compared with June 2019, the overall retail sales declined 8.68 per cent. A similar declining trend was seen when the June quarter of FY23 is juxtaposed with the corresponding quarter of FY19.

Overall, retail sales in the three months to June contracted by 8.13 per cent when compared with the corresponding period in FY19, shows the data released by the dealer