The Federation of Automobile Dealers Associations (FADA) has released its monthly vehicle registration data for July 2020. The overall automotive retail sales in July (2W, 3W, PVs, CVs and tractors) stood at 11,42,633 units, which marks a 16 percent improvement on the preceding month. However, the sales are still 36 percent lower compared to the same period last year.
FADA says rural market continues to show strong growth
Vehicle registration-based market share released for first time
Retail sales are still at 60-70 percent compared to same period last year
Rural market continues to grow
According to FADA’s retail sales numbers for the previous months, rural India seems to be the growth engine. Commenting on the sales data, Ashish Harsharaj Kale, president, FADA said, “As India continues to open up, the month of July saw better registrations…