New Delhi, Feb 7 (TIWN) The third Covid wave, as well as semiconductor supply issues and rural distress, dented India's January 2022 automobile retail sales on a year-on-year (YoY) basis, FADA said.

Data released by the Federation of Automobile Dealers Associations (FADA) showed a YoY fall of 10.69 per cent in overall automobile retail sales during the month under review.  The overall retail sales fell to 14,39,747 units last month from 16,12,130 units sold during the corresponding month of 2021.  Also, last month’s overall retail sales figure, when compared to the January 2020 period, showed a decline of 18.41 per cent.