InvestorQ : Is it true that auto sales have fallen by over 30% in the month of April 2021?
Anjana Aiyar made post

Is it true that auto sales have fallen by over 30% in the month of April 2021?

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Khushi Patel answered.
1 month ago
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There are two ways to look at auto sales numbers. One is the auto despatches reported by the SIAM. The second is the auto registrations reported by the FADA. The second is more representative of demand and that is down 32% in the month of April 2021. In fact, while auto registrations fell 32%, passenger vehicles saw a 11% fall yoy in April 2021.

The Federation of Auto Dealers Association or FADA also disclosed that the spread of COVID-19 to rural belts has also dampened sales of two-wheelers and entry level cars in the hinterland. This also accounted for falling registrations across India. Even 3-wheeler registrations were down 56% while, 2-wheelers 35% and Commercial Vehicles or CVs 34%.

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