Auto Retail Sales Rise 11% in September on Festive Fervor and Better Supplies
Auto retail sales in India rose 11% in September. With manufacturers having better supplies, dealers were able to increase deliveries to customers throughout the holiday season. Federation of Automobile Dealers Associations Released Tuesday.
Total retail sales last month were 14,64,001 units, compared to 13,19,647 units in September 2021. FADA observed that in October due to the ramping up of the holidays, sales are expected to be even higher.
“Dealers are expecting this to be the best festive season in a decade for the passenger vehicle segment as we expect even stronger sales during the month,” it was.
Excluding tractors and some three-wheel trim. All other segments such as passenger, commercial and two-wheelers performed better in September Comparable to the previous year.
Retail sales of passenger vehicles rose 10% to 2,60,556 units last month from 2,37,502 units in September 2021.
“Better car availability due to easier semiconductor sourcing, new launches and feature-rich products have kept customers glued to dealerships to get their favorite vehicles during the auspicious time,” said the President of the Federation of Automobile Dealers Associations (FADA), Manish Raj Singhania.
While FADA is inviting OEMs to submit proposals (OEMs), he said it was important that supply matched demand so that PV sales received an extra boost.
Similarly, two-wheeler registrations rose 9% to 10,15,702 units last month from 9,31,654 units. September last year.
Singhania It was noted that the entry-level bike space was the most popular, driving the entire two-wheeler sales segment.
FADA said commercial vehicle levies rose to 71,233 units from last year’s 59,927 units in September A 19% increase
Tractor sales at the end of last month were 52,595 units, down from 53,392 units in September last year.
In the passenger vehicle space, Maruti Suzuki India led the vertical with 1,03,912 retail units in September, compared to 99,276 units in the prior year period.
Hyundai Motor India Tata Motors FADA said there were registrations of 39,511 and 36,435 units over the past month.
In the Honda Motorcycle Scooter India two-wheeler space, this led to the sale of 2.84,160 units in September. It was followed by Hero MotoCorp which registered 2,50,246 units.
Tata Motors FADA said the commercial vehicle segment was the most successful with sales last month of 28,615 units. Three vertical saws for the -wheeler Bajaj Auto Last month, 19474 units were sold.
Also read: India’s exports fall 3.52% to $32.62 billion September: Government data
Latest business news