Retail sales of passenger cars and two-wheelers declined by 86.97 per cent and 88.80 per cent, respectively, in May, while the overall auto retail sales fell by 88.87 per cent. This came on the back of zero sales in April, the first such instance in history.
Dealers expect an uptick during the festive season, provided government announces more relief measures and automakers with high rural presence see a quick turnaround.
According to the Federation of Automobile Dealers Associations (FADA), auto retail sales dropped to 202,697 units in May, from 1,821,650 units a year ago.
Passenger vehicle sales dropped to 30,749 units from 235,933