Slow despatch pulls down passenger vehicle retail sales by 5% in July: FADA

Dragged down by two-wheelers, overall retail falls 8%

Registration or retail sales of passenger vehicles (PVs) fell 4.66 per cent year-on-year (YoY) in July, even as demand remains robust across the industry, said the Federation of Automobile Dealers Associations of India (FADA) on Thursday.

The lower retail of PVs — attributable to the delayed arrival of consignments from factories to distribution channels — is in sharp contrast to the wholesale despatch numbers.

PV despatches are estimated to have reached a record high of 342,300 units, advancing 16 per cent in the month gone by as chip woes eased, enabling manufacturers to ramp up demand, companies said