Automobile retail sales witness 10% growth in July: FADA
The Hindu
July auto retail sales in India saw 10% growth, driven by strong sales of passenger vehicles, two-wheelers and commercial vehicles. SUVs remain popular, while two-wheeler sales show resilience.
Auto mobile retail sales in India witnessed a 10% annual growth in July driven by robust sales across passenger vehicles, two-wheelers and commercial vehicles, industry body FADA said on Monday.
Total retail sales across segments rose to 17,70,181 units last month, as compared to 16,09,217 units in July 2022.
Also Read | ‘Automobile retail sales see double-digit growth in FY23’
Passenger vehicle sales saw an increase of 4% to 2,84,064 units last month, as compared to 2,73,055 units in the year-ago period, the Federation of Automobile Dealers Associations (FADA) said in a statement.
"The month saw a surge in orders and timely OEM supplies, especially with the introduction of new products. However, severe monsoons and flood-like situations especially in North India, impacted sales," FADA President Manish Raj Singhania said.
SUVs continued to remain a popular choice for buyers, he added.
Two-wheeler retail sales rose by 8% to 12,28,139 in July, as against 11,35,566 units in the same period last year.
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