Retail auto sales dive 87 percent in May amid lockdown

By OEM Update Editorial June 13, 2020 11:32 am

The sales of retail passenger vehicles have plunged 87 percent in May from a year earlier to 30,749 units. Though the dealerships gradually were resumed but the fear of falling prey to the clutches of pandemic spread of COVID-19, has kept the customers away from any dealings.

Even the sales of retail truck and busses witnessed a plumed nearly to 97 percent, with a sale of barely 2,711 vehicles, as per the data issued by the Federation of Automobile Dealers Association (FADA). Moreover, the sales of motorcycles and scooters have also dropped by 89 percent with 159,039 units during the month. To be more precise, the overall retails sales of automobile has dropped to 89 percent with 202,697 units.

Although the government has initiated a number of measures and has eased few lockdown norms and allowed operations at showrooms and service centres from May, but still the pandemic is affecting the industrial growth.

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