August 2020 sales numbers, as reported by the Federation of Automobile Dealers Associations (FADA), shows sales have improved over July 2020 – 11,88,087 vehicles were registered all over India, which is a 3.98 percent rise compared to retail sales in the previous month. However, this figure is still 26.81 percent lower than the 16,23,218 units retailed in August 2019.
- Passenger vehicle sales shows improvement but still down 7.12 percent year-on-year
- Entry level passenger cars helped improve August 2020 sales
Demand returns slowly in urban areas
Based on data provided by FADA, August 2020 is the first month since the lockdowns due to the COVID-19 pandemic to see a decent demand for new cars in urban areas. FADA President, Vinkesh Gulati, was quoted saying, “Apart from the rural market, which was showing revival signs until now, urban centres for the first time showed…