Business News
Home > Business News
Covid third wave, supply issues dent India's Jan retail sales: FADA
TIWN
TIWN
PHOTO : TIWN
New Delhi, Feb 7 (TIWN) The third Covid wave, as well as semiconductor supply issues and rural distress, dented India's January 2022 automobile retail sales on a year-on-year (YoY) basis, FADA said.
Data released by the Federation of Automobile Dealers Associations (FADA) showed a YoY fall of 10.69 per cent in overall automobile retail sales during the month under review. The overall retail sales fell to 14,39,747 units last month from 16,12,130 units sold during the corresponding month of 2021. Also, last month’s overall retail sales figure, when compared to the January 2020 period, showed a decline of 18.41 per cent.
Add your Comment
Comments (0)
More Business News
- With April series having expired, expect markets to turn volatile
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report