October 12, 2023
admin
Record PV, 3W retail sales in April-September
Automobile retail sales in India rose by 9 per cent year on year in the April-September period of this fiscal riding on the back of highest-ever registrations of passenger vehicles and three-wheelers, dealers’ body FADA informed on Wednesday.
Automobile retail sales in India rose by 9 per cent year on year in the April-September period of this fiscal riding on the back of highest-ever registrations of passenger vehicles and three-wheelers, dealers’ body FADA said on Wednesday.
Three-wheeler registrations rose 66 per cent to 5,33,353 units in the April-September period from 3,21,964 units in the same period last fiscal. “This extraordinary performance in the three-wheeler category underscores the sector’s vigorous recovery and adaptability in navigating through the complex market challenges presented by the ongoing pandemic,” Singhania said.
Passenger vehicle (PV) retail sales grew by 6 per cent to 18,08,311 units in the first half of the current fiscal as against 17,02,905 units in the year-ago period. “It not only grew by 6 per cent YoY but also witnessed record retails, with H1 FY’24 seeing an all-time high in PV retails at 18,08,311, surpassing the previous record set in H1 FY’23 at 17,02,905,” Singhamisa stated.
Two-wheeler retail sales saw a jump of 7 per cent year on year to 78,28,015 units in the first half of the current financial year.
Sales of Commercial vehicles rose to 4,65,097 units in the first half, up 3 per cent from 4,50,458 units in the year-ago period.
Tractor registrations on the other hand rose 14 per cent year on year to 4,44,340 units in the April-September period.
FADA anticipates a season of growth and prosperity for the auto retail sector, moving from cautious optimism to a hopeful and positive outlook for the market, Singhania added.
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