This is an archive article published on May 4, 2023
Passenger vehicle retail sales dip 1% to 2,82,674 units in April: FADA
The passenger vehicle retail sales declined to 2,82,674 units last month as compared with 2,86,539 units in April 2022.
Passenger vehicle retail sales in India declined by 1 per cent last month as buyers preponed purchases to March in order to avoid enhanced prices on account of stricter emission norms kicking in from April 1, automobile dealers' body FADA said. (File image) Passenger vehicle retail sales in India declined by 1 per cent last month as buyers preponed purchases to March in order to avoid enhanced prices on account of stricter emission norms kicking in from April 1, automobile dealers’ body FADA said on Thursday.
The passenger vehicle retail sales declined to 2,82,674 units last month as compared with 2,86,539 units in April 2022.
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“The passenger vehicle segment, which achieved record sales in FY23, slowed down in April… This was primarily due to last year’s high base and the OBD 2A norms, which led to vehicle price increases and advanced purchases in March,” Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in a statement.
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