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PV retail sales fall by 25.3% m-o-m owing to second wave of covid

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NEW DELHI : Exponential surge in cases of covid-19 across the country, and the consequent lockdown measures halted the recovery in retail sales witnessed by the automobile industry over the last six months as registration of vehicles across categories in April recorded double digit decline, compared with the preceding month.Showroom sales of passenger vehicles (PVs)decreased by 25.33% on a month-on-month basis to 208,883 units during the month, according to sales data released by Federation of Automobile Dealers Associations (FADA) on Monday.

Vehicle sales were hit initially by lockdown measures imposed in Maharashtra to contain the spread of covid-19 and similar measures were implemented in other parts of the country as well in the second.

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