May sales cause of cheer but still short of pre-Covid levels : FADA
Supply chain constraints and geopolitical instability will cast a shadow on availability whereas rising inflation and high inflation could further impact two-wheeler sales.
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The Federation of Automobile Dealers Associations (FADA)’s retail sales data for May 2022 saw sales across all vehicle categories increase three-fold but these numbers have to be seen against an extremely low base of May 2021 when the country witnessed its devastating second Covid wave with curfews, and lockdowns that almost brought the country to a halt.
In terms of the numbers, retail volumes rose to 1,646,773 units (May 2021: 536,795 / +207%). The passenger vehicle (PV) segment registered total volumes of 263,152 units (86,479 / +204%), while two-wheelers too recorded a near-three-fold increase to 12,22,994 units (410,871 / ...
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