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India's October YoY retail sales down 5.53% on supply shortage, cost pressures: FADA

04:06 PM Nov 18, 2021 | Agencies

Semiconductor supply shortages as well as inflationary pressures dampened India's overall vehicle retail sales on a year-on-year basis, in October 2021.

Accordingly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a fall of 5.33 per cent during the month under review from October 2020.

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The vehicle retail sales fell to 13,64,526 units last month from 14,41,299 units sold during the corresponding month of 2020. However, on a sequential basis, the overall vehicle retail sales for last month was higher than 12,96,257 units sold in September 2021.

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Similarly, last month's overall retail sales figure, when compared to the October 2019 (pre-pandemic) period, showed a decline of 26.64 per cent.
In October 2019, the overall vehicle retail sales stood at 18,60,098 units.

Notably, the 42-days festive period during 2021 saw retail sales falling by 18.21 per cent to 20,90,893 from the corresponding period of last year.

(With inputs from IANS)

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