AUTO RETAIL VALUE DROPS BY 5% WITH TWO WHEELERS AND TRACTORS
08 October 2021
Automobile retail value dropped by 5% last month, pulled down by a double digit dip in two-wheelers and tractors. Federation of Automobile Dealers Association data shows total retail this year was 12.96 Lakhs Compared to last year’s 13.68 Lakhs. Sales of passenger and commercial vehicles climbed by 16% and 46% respectively, along with three-wheelers skyrocketing to 51%.
However, the sale of two-wheelers dropped 11.5% with just 9.14 lakh sales. FADA said the sales were lower by 13.5% compared to 2019. It stated that sales of three-wheelers may shift from ICE to EVs as the ratio hit 60:40.
“The two-wheeler category continues to play a spoilsport as the entry-level segment is yet to witness a healthy growth”, said Vinkesh Gulati, the Federation’s president.
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