Vehicle sales rate dips as violence rages
Source: Chronicle News Service
Imphal, July 08 2023:
Amid the raging vio-lence which is crippling the state for the last 65 days, the state witnessed a sharp drop in the overall sales of vehicles in June 2023 with all segments of vehicles recording sharp drop in sales on Year on Year (YoY) basis as compared to sale figure of corresponding month of last year even though the all India figure rose by 9.57 per cent.
According to a data released by Federation of Automobile Dealers' Associations (FADA), the overall sales figure for all types of vehicles dropped by 87.31 per cent (YoY) with June 2023 recording sale of only 584 vehicles in comparison with 4,603 vehicles sold in June 2022 .
In two-wheeler vehicle category, the state recorded sale of 270 vehicles in June 2023 against 3,391 vehicles in June 2022, thereby showing a YoY decline of 92.04 per cent.
Total sales of 16 three wheeler vehicles were recorded in June 2023 against 55 sold in June 2022, which shows a YoY drop of 70.91 per cent.
June 2023 recorded sale of 77 commercial vehicles against 126 units sold in June 2022, which shows a YoY decline of 38.89 per cent.
In passenger vehicle category, which in-clude cars, June 2023 reported sale of 221 units against 1030 units in June 2022, which is a YoY decline of 78.54 per cent.
On the other hand, no tractor was sold in June 2023 similar to June 2022 showing 100 per cent drop.
The All India YoY chang-es from June 2022 to June 2023 are 6.77 per cent in two wheeler, 75.48 per cent in three wheeler, 0.44 per cent in commercial vehicles, 4.79 per cent in passenger vehicles, and 41.04 per cent in tractors.
The overall rise is 9.57 per cent.
Commenting on how June 2023 performed in the state, FADA Manipur State chair-person Andy Mangsatabam said, "It is unfortunate that during this unprecedented difficulties in Manipur, the automobile industry has taken the biggest hit.
The industry has come to a grinding halt as it is completely dependent on the smooth flow of the na-tional highway and internet availability" .