Passenger vehicle retail sales dip 1 pc in May as excessive heat, elections impact demand: FADA

New Delhi, June 10, 2024.

Domestic passenger vehicle retail sales declined 1 per cent year-on-year in May, as blistering summer heat and elections impacted demand, automobile dealers’ body FADA said on Monday.

Passenger vehicle registrations dipped to 3,03,358 units last month, as compared with 3,35,123 units in May 2023.

“Dealers cited the impact of elections, extreme heat and market liquidity issues as major factors for the dip in sales last month,” the Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said.