Medilytix Bureau:

Due to the pandemic; this time around as retail sales continued to disappoint, thus wrapping up an underperforming calendar year,” FADA President Vinkesh Gulati noted. He further said that; two-wheeler sales also continued to remain in the slow lane last month, with sales of 11,48,732 units, down 19.86 % from 14,33,334 units in December 2020. “High cost of ownership, bad rural sentiment, work from home and the latest threat of Omicron continued to impact sales.

The Federation of Automobile Dealers Associations (FADA), which collated data from 1,379 out of 1,590 RTOs across the country. from this source it is said that; Overall retail sales across segments last month stood at 15,58,756 units, down 16.05 % from 18,56,869 units in December 2020. Commercial vehicle retail sales, however, rose 13.72 % last month to 58,847 units, as against 51,749 units in December 2020.”The government’s push for infrastructure spending especially in road infrastructure, better freight rates, price hike announcement in January and a low base helped the overall segment close in positive double digits,” Mr. Gulati stated. Overall retail sales across segments last month stood at 15,58,756 units, down 16.05 % from 18,56,869 units in December 2020

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