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Auto Sector Blues: Vehicle Sales Tumble 42% In June

by GoNews Desk 3 months ago Views 4312
Auto Sector Blues: Vehicle Sales Tumble 42% In Jun
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According to the latest report of the Federation of Automobile Dealers Association, there has been a 42% decline in vehicle sales in June. In June last year 16,97,166 vehicles were sold, but in June this year, the sales of trains have come down to 9,84,395 units.

Commercial vehicles were the most-hit, with sales down 83.83%. In June last year, 64,976 commercial vehicles were sold, which came down to 10,509 in June this year.

Also Read: Assam: Three Foreign Experts Injured in Blast at Baghjan Gas Well Site

Similarly, the retail sales of passenger vehicles fell by 38.34%. In June 2019, 2,05,11 passenger vehicles were sold but in June this year, only 1,26,417 vehicles were sold.

Similarly, the sales of two-wheelers decreased by 40.92%. In June last year 13,37,462 two-wheelers were sold but in June this year, 7,90,118 vehicles were sold. Three-wheeler sales fell by 75.43% to 11,993 units.

President of FADA Ashish Harshraj Kale said that with the increasing number of coronavirus infections, the automobile sector in the country saw a decline, having a big impact in cities. Due to harvesting and arrival of monsoon, rural markets witnessed more demand in the sale of tractors and two-wheelers as compared to urban areas.

According to the reports, this year's sales of vehicles were in the range of 15% to 35%, except for the Tractor segment, which looks set to clock a positive annual growth.

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