July retail sales jump 34% YoY, CV category sales surge most; semi-conductor shortage a huge concern, says FADA

​The total vehicle retail sales in July 2021 jumped by 34 per cent as compaerd to July 2021, Federation of Automobile Dealers Associations’ (FADA) July retail data that was released on Monday showed. 

Category-wise, two-wheeler sales grew by over 27 per cent, three-wheeler sales surged 83.5 per cent, passenger vehicles sales jumped almost 63 per cent and commercial vehicles spurted by near 166 per cent, the FADA July retail sales data portrays. 

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The association in its July 2021 report says that auto retails have now started narrowing the deficit when compared to pre-covid months. When compared to July 2019, the gap reduces to low double digits of negative 13 per cent, FADA pointed out. 

The auto dealers have raised concern that semi-conductor shortage is now becoming a deep routed problem for the passenger vehicles (PV) segment which is now above the pre-pandemic mark.  

Adding further, FADA said in a report that PV for the first time has reached above pre-covid levels by growing 24 per cent, while the tractor retails already above pre-covid levels during the last month. 

FADA also says booking and inquiry levels improving across categories in August and the tractor segment to see a boost due to normal monsoon and sowing season. 

FADA is the apex national body of Automobile Retail Industry in India engaged in the sale, service, and spares of 2/3 Wheelers, Passenger Cars, UVs, Commercial Vehicles (including buses and trucks) and Tractors. 

In the month of June, FADA has reported a sharp jump in the vehicle retail sales by 22 per cent on a year-on-year basis stating that the momentum has been carried on from June to July.