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PV retail gross sales down 59% in Could as Covid disruptions affect offtakes: FADA

NEW DELHI: Passenger car (PV) retail gross sales in Could witnessed a decline of 59 per cent to 85,733 items as in comparison with April as Covid-19 associated disruptions throughout states hit offtakes, car sellers’ physique FADA stated on Thursday.
Based on the Federation of Vehicle Sellers Associations (FADA), which collected car registration information from 1,294 out of the 1,497 regional transport places of work (RTOs), PV gross sales stood at 2,08,883 items in April this yr.
Two-wheeler gross sales additionally declined 53 per cent to four,10,757 items final month, as in comparison with eight,65,134 items in April.
Equally, business car gross sales additionally declined 66 per cent to 17,534 items final month, as in opposition to 51,436 items in April.
Three -wheeler gross sales noticed a decline of 76 per cent to five,215 items final month, from 21,636 items in April this yr.
Tractor gross sales additionally witnessed a drop of 57 per cent to 16,616 items final month, in opposition to 38,285 items in April.
Whole registrations throughout classes declined by 55 per cent to five,35,855 items final month in comparison with 11,85,374 items in April.
“The second wave of Covid has left the complete nation devastated as there is probably not a single family which didn’t get affected. Other than city markets, this time, even rural areas had been badly hit. Could noticed continued lockdown in many of the states,” FADA president Vinkesh Gulati famous.

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