Auto Sector Gets Diwali Boost, Retail Sales Grow 28% Year-On-Year
NDTV
Vehicle retail sales: On a year-on-year basis, total vehicle retail for the month of October 2022 saw a growth of 48 per cent.
Total vehicle retail sales were 28 per cent higher year-on-year during this year's over the month-long festival season.
Sales of vehicles in all categories were in the green with 2 Wheelers, 3 Wheelers, Passenger Cars, Tractors, and Commercial Vehicles growing by 26 per cent, 66 per cent, 28 per cent, 33 per cent and 28 per cent, respectively, the Federation of Automobile Dealers Associations (FADA) data released on Monday showed.
On a year-on-year basis, total vehicle retail for the month of October 2022 saw a growth of 48 per cent. All the categories closed in green with 2W, 3W, passenger vehicles, tractor, and commercial vehicles recording 51 per cent, 66 per cent, 41 per cent, 17 per cent and 25 per cent upside, respectively.
When compared with October 2019, a pre-covid month, total vehicle retails for the first time closed in green with an increase of 8 per cent. Except for 3W which saw a marginal dip of 0.6 per cent, all the other categories were in green with 2W, PV, tractor and CV growing by 6 per cent, 18 per cent, 47 per cent and 13 per cent.
