PV retail sales witness growth of 28.39% in March 2021: FADA

Automobile dealers' body, the Federation of Automobile Dealers Associations (FADA) in its latest report has showed that passenger vehicle (PV) retail sales witnessed a year-on-year growth of 28.39 per cent to 2,79,745 units in March 2021 as compared to 2,17,879 units in March 2020.

As per the report, two-wheeler sales, however, declined 35.26 per cent to 11,95,445 units last month, as compared to 18,46,613 units in March 2020. Commercial vehicle sales also fell 42.2 per cent to 67,372 units against 1,16,559 units a year ago.

The report further noted that three-wheeler sales dropped 50.72 per cent to 38,034 units last month from 77,173 units in the year-ago period. Tractor sales, however, grew by 29.21 per cent to 69,082 units last month, against 53,463 units in the same month last year.