Rising fuel costs subdue India’s March auto sales: FADA

Rising vehicle prices, coupled with high fuel costs, subdued India’s March automobile retail sales on a year-on-year (YoY) basis, the Federation of Automobile Dealers Associations (FADA) said on Tuesday.

FADA data showed a YoY fall of 2.87 per cent in overall automobile retail sales during the month under review.

The overall retail sales fell to 16,19,181 units last month from 16,66,996 units sold during the corresponding month of 2021.

Also, last month’s overall retail sales figure, when compared to the March 2020 period, showed a decline of 29.99 per cent.

In March 2020, the overall vehicle retail sales stood at 23,12,868 units.

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