Mumbai: The month ended June saw a ten per cent year-on-year increase in retail sales of vehicles in the country. Statistics from the Federation of Automobile Dealers Associations (FADA) show that there has been a rapid increase in the demand for three-wheelers and tractors in vehicles.

According to data released by FADA, two-wheeler sales grew by seven per cent in the month ended, while three-wheelers and tractors saw a growth of 75 per cent and 41 per cent, respectively. In addition, retail sales of Utah vehicles increased by five percent, while commercial vehicle sales increased by half a percent.

Sales of commercial vehicles have increased from the pre-Corona level. Compared to June 2019, the sales of commercial vehicles have increased by 1.50 percent in June of the current year. Total auto retail sales were down 3 percent from June 2019. There has been a decline of 14 per cent in the sale of two-wheelers.

Apart from last year’s low, three-wheeler sales are witnessing strong growth on the back of positive market sentiment. FADA President Raj Singh.a said in a statement that the segment has witnessed a growth in overall sales due to increased demand for electric three-wheelers.

The FADA data also shows that on a month-on-month basis, auto retail sales declined by eight per cent. Going forward, auto retail sales are expected to pick up in view of the festive season starting late August.

Rahul Dev

Cricket Jounralist at Newsdesk

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