State recording negative in vehicle sales
Source: Chronicle News Service

Imphal, August 10 2023: As the humanitarian crisis in the state is affecting all commercial sectors in the state, a significant drop in the overall sales of vehicles was recorded in July 2023 with all five categories of motor vehicles recorded negative sales report as compared with sales figure of corresponding month of last year.

According to a data released by Federation of Automobile Dealers' Associations (FADA), the overall sales figure in all types of vehicles dropped by -66.99 per cent (YoY) with July 2023 recording sales of 1,689 vehicles as compared to 5,117 vehicles in July 2022 against the All India increase of 10 per cent hike from July 2022 to July 2023.Figure of retail sales vary among the different categories.

In two-wheeler vehicle category, the state recorded sales of 1,145 vehicles in July 2023 against 4,103 vehicles sold in July 2022, thereby showing a YoY decline of 72.09 per cent.

No three wheeler vehicle was sold in July 2023 against 63 sold in July 2022, which shows a YoY decline of 100 per cent.

July 2023 recorded sales of 116 commercial vehicles against 169 units sold in July 2022, which shows a YoY decline of 31.36 per cent.

In passenger vehicle category, which include cars, July 2023 reported sales of 428 units against 777 units sold in July 2022, thereby showing a YoY decline of 44.92 per cent.

On the other hand, there was no sales of tractor in July 2023 against 5 units sold in July 2022 showing 100 per cent decline in the YoY comparison.

The All India YoY changes from July 2022 to July 2023 are 8.15 per cent in two wheeler, 74.35 per cent in three wheeler, 2.02 per cent in commercial vehicles, 4.03 per cent in passenger vehicles, and 21.06 per cent in tractors, all in the positive side.

The overall change is 10 per cent.

Commenting on how July 2023 performed, FADA Manipur State chairperson Andy Mangsatabam said, "Due to the continuing unprecedented violence which started on May 3, the automobile industry is the worst affected sector in the state.

The whole country has observed a growth in every segment except in our state" .

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