Retail sales of trucks and buses recorded a bigger drop, falling nearly 97% from a year earlier to just 2,711 vehicles, showed data issued on Thursday by the Federation of Automobile Dealers Associations (Fada), as the nationwide lockdown stifled economic activity. Showroom sales of motorcycles and scooters also dropped 89% to 159,039 units during the month. Overall, total retail sales of automobiles in India across segments declined 89% to 202,697 units. The government eased some of the strict lockdown measures to allow automakers to open some showrooms and service centres from the first week of May. Hence, registrations in May are not indicative of the demand situation as the lockdown was still in place in several areas, he said.

Source: Hindustan Times June 12, 2020 01:42 UTC