BusinessWorld | 09/08/2021 03:37 PM | Click to read full article
The Federation of Automobile Dealers Associations (FADA)’s Vehicle Retail Data for July’21 reports total vehicle retails for the month of July’21 rise by 34.12% on a Y-o-Y basis. When compared to July’19 (a regular pre-covid month), recovery is visible as the deficit reduces to low double digits of -13.22%.
Commenting on how July’21 performed, FADA President, Vinkesh Gulati said, “With entire country now open, July continues to see robust recovery in Auto Retails as demand across all categories remain high. The low base effect also continues to play its part. When compared to July’19, the gap reduces to low double digits of -13%. Passenger Vehicles for the first time have reached the pre-covid levels by growing 24%.”