Passenger vehicle sales still facing brunt of chip shortage, says FADA

According to the FADA data, if the overall sales figure is compared with the January 2020 figure, when automobile companies sold 1.76 million units, the decline is over 18 per cent.

Passenger vehicle (PV) registrations saw a 10 per cent year-on-year (YoY) decline to 258,329 units in January as against 287,424 units last year, mainly because of supply-side issues like the continuing scarcity of semiconductor chips, according to released by the Federation of Automobile Dealers Associations of India (FADA), the apex body of auto dealers.

In terms of monthly retail sales, January continued to be weak as overall retails fell by around 11 per cent on a YoY basis to 1.43 million. According to the FADA data, if the overall sales figure is compared with the January 2020 figure, when automobile