Automobile sales drop 7.5% YoY in May 2019, two-wheeler worst hit: FADA

Automobile retail sales dropped by 7.5 per cent year-on-year (YoY) in May 2019 to 17,71,920 units from 19,14,795 units in May 2018. Earlier this week, the Society of Indian Automobile Manufacturers’ (SIAM’s) data, which is for wholesale figures, showed a fall of 8.62 per cent in total domestic sales in May 2019 compared to May 2018. 

Dealers expect the near term outlook for the next 4-6 weeks to be gloomy.

On Friday, the Federation of Automobile Dealers Associations (FADA), the apex national body of retail automobile industry, released its monthly data that showed YoY sales across all categories declining in May. The