Automobile dealers' body Federation of Automobile Dealers Associations (FADA), said passenger vehicle (PV) retail sales in January fell 4.61% to 2,90,879 units as compared to same month last year, hit by tepid response by end customers. Total sales across categories also declined 7.17% to 17,50,116 units last month. FADA stated that Two-wheeler sales declined 8.82% to 12,67,366 units last month as compared with 13,89,951 units in January 2019. Commercial vehicle sales dropped 6.89% to 82,187 units as compared to 88,271 units in January 2019. Three-wheeler sales, however, rose 9.17% to 63,514 units last month as compared with 58,178 units in January 2019.
Auto sales continue to be in the negative territory in the month of January, except for 3W, with many consumers still not concluding on their decisions. Ongoing Transition of BS-IVto BS-VIis also a factor in delayed purchase decision, FADA noted. Overall weak economic sentiment continues and even the Budget 2020, although an inclusive budget with growth drivers for the mid to long term, did not have any direct measures nor any immediate growth spurring initiatives for the sector, noted the federation.
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