Auto retail sales down by 26.8% in August, jump in tractor segment by 28.7%

Dealers said that the overall demand is still not back to pre-Covid levels as banks and NBFCs continue to have a cautious approach towards funding

Retail sales of passenger cars fell by 7.12 per cent in August 2020 with 1,78,513 units compared to 1,91,189 units sold a year ago. 

Meanwhile, sale of two-wheelers dropped by 28.71 per cent to 8,98,775 units from 12,60,722 units in August, 2019. Commercial vehicle sales dropped by 57.39 per cent to 26,536 units from 62,270 units. 

Tractor sales was the only segment that witnessed a jump by 27.80 per cent to 67,406 units from 52,744 units, a year ago.

Dealers said that the overall demand is still not back to pre-Covid levels as banks and NBFCs continue to have a