Passenger Vehicle sales dip 11% in October 2021; witness worst festive season sale in last decade: FADA

FADA October 2021 Vehicle Retails Data: The Federation of Automobile Dealers Association (FADA), India has released the vehicle retail data for October 2021 and the 42-day festive season. It has to be noted that the total vehicle retails for the month of October 2021 have been down by 5.33 per cent. Now, when compared to October 2019, a regular pre-COVID month, the overall retails continue to fall by 26.64 per cent.

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As per the release from FADA, on a year-on-year basis, the retails for 3W were up by 74 per cent and CV by 26 per cent. However, the retail for 2W, PV and tractor fell by 6 per cent, 11 per cent and 21 per cent, respectively.

The FADA data showed that the vehicle retail for October 2021 all over India was 13,64,526. The figures in October 2020 stood at 14,41,299. The retail figures in October 2021 have gone by 5.33 per cent as mentioned earlier. Also, it has to be noted that the retail figures in October 2019 stood at 18,60,098 which is 26.64 per cent more that the figures compared to this year.

FADA further states that during the 42-day festive season in 2021, the retail figures stand at 20,90,893, which is 18.21 per cent drop from the figures during the same period in 2020, where the retail figures stood at 25,56,335. The retail figures during the festival season this year is 20.82 per cent drop from the same period during 2019 when the figures stood at 26,40,748.

Commenting on how October 21 and Festivities performed, Vinkesh Gulati, FADA President, said, "We have witnessed the worst festive season in last decade. Semi-conductor shortage which was already a full-blown crises showed its true colours when in spite of an above healthy demand, we could not cater to customer’s need as SUV, Compact-SUV and luxury categories witnessed huge shortage of vehicles. On the other hand, entry level cars saw subdued demand as customers in this category continued to conserve money due to their families healthcare needs."