Vehicle retail sales down by 5.33% (YoY) in October 2021

The auto sector witnessed the worst festive season in the last decade.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales were down by 5.33% in October 2021, compared to the same month last year.

Overall sales for the month of October 2021 stood at 13,64,526 units, compared to 14,41,299 units in October 2020. However, compared to October 2019, when 18,60,098 units were sold, total vehicle retails have fallen by 26.64%.

The auto sector witnessed the worst festive season in the last decade. Carmakers were unable to cope with the demand due to the ongoing chip shortage. Compact SUV and luxury segments witnessed a huge shortage of vehicles, while demand for entry-level cars was low.

The 3-wheeler segment has started to witness usual demand. EV share in 3-wheelers has now crossed the 45% mark.

Tractor sales dropped by 20.78% from 55,874 units in October 2020 to 44,262 units.

Two-wheeler sales were down 6.07% to 9,96,024 units from 10,60,337 units in October 2020.

Three-wheeler sales were up by 73.93% in October 2021. 39,077 units were sold compared to 22,467 units in October 2020.

Passenger vehicle sales decreased by 11.38% compared to the previous year. 2,28,431 units were sold last month compared to 2,57,756 units in October 2020.

Commercial vehicle sales increased by 26.45%. 56,732 units were sold in October 2021 compared to 44,865 units in the previous year.

Team-BHP’s detailed analysis of the October 2021 sales figures.

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