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.
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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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