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    Vikshita Vitthal Gujaran in Automobile

    07-Nov-2022 07:40 AM


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    Auto retail sales zoom over 48% across segments in October

    Representative image Automobile retail sales zoomed over 48 percent with 20,94,378 vehicles going off showrooms in October alone as faster dispatches from manufacturers enabled dealers to ramp up customer deliveries during the festive period, according to data shared by the Federation of Automobile Dealers Associations (FADA).
    The total sales at the retail level last year was 1418,726 units. “
    FADA found that the passenger vehicle (PV) segment recorded a 41 percent increase in sales in, at 328,645 units last month as against 233,822 units in September 2021.
    Two-wheelers vroomed with 51 percent on-year growth and, for the first time, 6 percent compared over October 2019, the year before Covid broke out.
    The immediate next month generally witnesses a certain amount of softness in sales as the festivities end.
    While farmers will start receiving their crop realisations, the overall sentiment continues to show some headwinds, especially in the two-wheeler segment in rural India.

    Source - Money Control