Auto sales dip as rains, inflation hurt demand

New Delhi, August 4 Automobile retail sales in India dropped 8% on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors. As per data released by the automobile dealers’ body FADA on...

PTI

Updated At : 02:14 PM Aug 05, 2022 IST

New Delhi, August 4

Automobile retail sales in India dropped 8% on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors.

As per data released by the automobile dealers’ body FADA on Thursday, the overall automobile retail sales last month stood at 14,36,927 units, as compared to 15,59,106 units in July 2021.

Passenger vehicle retail sales witnessed a dip of 5% at 2,50,972 units last month, as against 2,63,238 units in the year-ago period.