‘India’s Nov YoY retail sales dip on supply shortages’

Lack of supply due to semiconductor shortages as well as incessant rains dipped India’s November overall vehicle retail sales on a year-on-year basis.

The data released by the Federation of Automobile Dealers Associations (FADA) showed a fall of 2.7 per cent during the month under review from November 2020.

The retail sales fell to 18,17,600 units last month from 18,68,068 units sold during the corresponding month of 2020. However, on a sequential basis, the overall vehicle retail sales for last month were higher than 13,64,526 units sold in October 2021.

Also, last month’s overall retail sales figure, when compared to the November 2019 (pre-pandemic) period, showed a decline of 19.78 per cent.

In November 2019, the overall vehicle retail sales stood at 22,65,740 units.

On a YoY basis, passenger vehicle (PV) retail sales fell 19.44 per cent during the month under review from the level of November 2020. The PV retail sales declined to 2,40,234 units last month from 2,98,213 units sold during during the corresponding month of last year.

Similarly, two-wheeler registration declined by 0.75 per cent to 14,33,855 units.

Tractor retail sales fell by 9.07 per cent to 45,629 units.

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