The FADA on Wednesday said that retail sales of passenger vehicles in August stood at 1,78,513 units, down 1.12 per cent from a year earlier. According to the Federation of Automobile Dealers Association (FADA), retail sales of passenger vehicles in August a year ago were 1,92,189 units. The FADA collects vehicle registration data from 1,242 RTOs out of 1,450 Regional Transport Offices (RTOs) in the country.
Two-wheelers have been reduced
In August 2020, sales of two-wheelers fell by 26.7171 per cent to 8,98,7.5 units. In August 2019, 12,60,722 two-wheelers were sold. If we talk about commercial vehicles, their sales fell by 57.39 per cent to 26,536 vehicles in August. 62,270 commercial vehicles were sold in August 2019.
Sales of three-wheelers have declined
Sales of three-wheelers also fell by 699.51 per cent to 1,16,757 units from 55,293 units sold in August last year. Overall, sales of all types of vehicles fell by 26.61 per cent to 11,8,087 in August 2020 from a year earlier. Standing in the vehicle. A year ago, 16,23,218 cars were sold in August.
Improved lockdown opening
“August sales figures were better than the previous month as the government continued its efforts to open the lockdown in economic development,” said FADA President Winkesh Gulati. Gulati said customers who were ready to buy the car have finally made purchases at Janmashtami and Ganesh Chaturthi festivals.
Improving car demand
There was a good demand for entry-level passenger cars. People are prioritizing their own vehicles in the epidemic of coronavirus. Gulati said Fada had again called on the government to announce an incentive package to boost demand. He is also awaiting the announcement of a reduction in the Goods and Services Tax (GST) rate on two-wheelers. We have also been waiting for the incentive-based vehicle junk policy for a long time. He said the two measures would boost demand for two-wheelers, medium and heavy commercial vehicles.
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