Automobile Sector Hit Hard by COVID 19

The total Vehicles Registrations of India in May stand at 54.79 it was released by the Federation of Automobile Dealers Association (FADA) and showed a major decline. There is a reduction in tractor sales in urban areas. Personal vehicle registration also witnessed a major decline and come at 63.70%.TWO wheeler registration fell by 52.52%. The COVID has affected the Retail Sector in its various segments