{"id":7391,"date":"2021-12-08T11:06:53","date_gmt":"2021-12-08T05:36:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-auto-sales-fada\/"},"modified":"2021-12-08T12:59:45","modified_gmt":"2021-12-08T07:29:45","slug":"biz-auto-sales-fada","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-auto-sales-fada\/","title":{"rendered":"Automobile retail sales remain in slow lane in Nov: FADA"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2480526451\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p><span style=\"font-weight: 400;\">Automobile retail sales in the country dropped by around 3 per cent in November as chip shortage and heavy rains in South India impacted sales across various segments, including passenger vehicles and two-wheelers, automobile dealers\u2019 body FADA said on Wednesday. The Federation of Automobile Dealers Associations(FADA) is an apex national body representing automobile dealers of India.<\/span><\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-186132822\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><span style=\"font-weight: 400;\">According to the data, the total registrations last month stood at 18,17,600 units, down 2.7 per cent from 18,68,068 units in November 2020. Commercial vehicle and three-wheeler registrations, however, increased last month as compared to the year-ago period.&nbsp;<\/span><\/p><p><span style=\"font-weight: 400;\">Passenger vehicle sales last month stood at 2,40,234 units, a drop of 19.44 per cent from 2,98,213 units in the same period last year. Similarly, two-wheeler sales last month dropped to 14,33,855 units as compared to 14,44,762 units in the year-ago period. Tractor sales dropped to 45,629 units last month from 50,180 units in November 2020.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cAuto retail for the month of November continued to remain in the negative zone despite Diwali as well as marriage season in the same month. The unwanted rains in southern states further spoiled the party. Unless rural India starts showing signs of strength, overall retails will continue to remain weak,\u201d FADA President Vinkesh Gulati said in a statement.<\/span><\/p><div class=\"trade-content_5\" id=\"trade-585695188\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><span style=\"font-weight: 400;\">Despite the declining numbers, Tata Motors has seen an 8.80 per cent growth in market share year-on-year from 34.99 per cent in November 2020 to 43.79 per cent in November this year. The auto behemoth reported commercial vehicle sales of 25,132 units in November 2021 versus 17,720 units in November 2020.<\/span><\/p><p><span style=\"font-weight: 400;\">The passenger vehicle segment continues to face the brunt of semiconductor shortages. In the two-wheeler segment, the overall buying sentiment remained low as marriage season also didn\u2019t help in revival, except in one or two states.&nbsp;<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cWhile the new launches are keeping customer\u2019s interest high, it is only the lack of supply which is not allowing sales to conclude. The extended waiting period is now starting to make customers jittery, and this may lead to loss of interest in vehicle buying.\u201d Further, there are no signs of an increase in inquiry levels which is a bigger cause of concern,\u201d Gulati noted.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cFADA is hopeful that the chip shortage will ease in times to come and therefore reduce the waiting period of vehicles and help in increasing sales. On the two-wheeler front, we once again request all OEMs to announce attractive schemes, which can work as a stimulus for growth in sales,\u201d it said.<\/span><\/p><p><span style=\"font-weight: 400;\">On the near term outlook, FADA noted that the emergence of the Omicron variant has once again gripped the entire nation in fear, thus further impacting the overall vehicle demand.&nbsp;<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cWe also urge the Central as well as all State Governments to aggressively drive the vaccination coverage so that India is not caught off-guard and recovery to pre-COVID levels is not derailed,\u201d FADA said.<\/span><\/p><div class=\"trade-content-10\" id=\"trade-3377272297\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-407179942\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Automobile retail sales in the country dropped by around 3 per cent in November as chip shortage and heavy rains in South India impacted sales across various segments, including passenger vehicles and two-wheelers, automobile dealers\u2019 body FADA said on Wednesday. The Federation of Automobile Dealers Associations(FADA) is an apex national body representing automobile dealers of [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,1513,31],"tags":[1237,990,1815],"class_list":["post-7391","post","type-post","status-publish","format-standard","hentry","category-economy","category-editor-pick","category-news","tag-auto-industry","tag-auto-sector-news","tag-november-auto-sales-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Automobile retail sales remain in slow lane in Nov: FADA<\/title>\n<meta name=\"description\" content=\"Automobile retail sales in the country dropped by around 3 per cent in November as chip shortage and heavy rains in South India impacted...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-auto-sales-fada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Automobile retail sales remain in slow lane in Nov: FADA\" \/>\n<meta property=\"og:description\" content=\"Automobile retail sales in the country dropped by around 3 per cent in November as chip shortage and heavy rains in South India impacted sales across various segments, including passenger vehicles and two-wheelers, automobile dealers\u2019 body FADA said on Wednesday. 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