Automobile retail sales jump 20% in Sep as demand soars in festive season
The Hindu
Sept auto retail sales in India surge 20%: FADA. Two-wheeler sales up 22%, three-wheeler 49%, passenger vehicle 19%, commercial vehicle 5%, tractor -10%. New product launches, attractive offers drive demand, especially in rural areas. FADA optimistic for festive season.
Automobile retail sales in India surged over 20% in September as demand soared across vehicle segments with the onset of festival season, dealer's body FADA said on Monday.
Overall automobile registrations rose to 18,82,071 units last month from 15,63,735 units in September 2022, the Federation of Automobile Dealers Associations (FADA) said in a statement.
The year-on-year (YoY) analysis reveals broad-based growth across segments as two-wheeler sales grew 22%, three-wheeler retail soared 49%, passenger vehicle sales grew 19%, while commercial vehicles saw a sales growth of 5%, FADA President Manish Raj Singhania said.
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Tractor retail sales, however, declined 10% last month, as compared to the same month last year, he noted.
Passenger vehicle registrations rose 19% YoY last month to 3,32,248 units, as compared to 2,79,137 units in September 2022, as vehicle availability improved.
New product launches also led to improved offtake of vehicles last month, Mr. Singhania said.
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