Excelsior Correspondent
JAMMU, Jan 6: Retail automobile sales in Jammu and Kashmir saw a dip of around 4% in December 2022.
As per the data shared by the Federation of Automobile Dealers Associations (FADA), in December 2022, two-wheeler (2W) sales registered a de-growth of 3.43% on YoY basis. The sales in CV (commercial vehicles) were also in the red in December 2022 as compared to December 2021 as sales in this segment were down by 36.83%.
The PV (private vehicles) segment also failed to impress as retail sales during December 2022 fall by 1.41%. The tractor segment too registered sales lower than December 2021. While 336 units were sold in December 2021, only 319 units were sold in December 2022.
The 3W (three-wheeler) segment was the only segment that registered sales higher than December 2021. During December 2022, a record number of 642 units were sold as compared to 347 units of December 2021. The segment saw a jump of 85% in sales.
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