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Automobile dealers' body Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India clocked best-ever performance in November 2022 aided by robust registrations across segments including passenger vehicles, two-wheelers and commercial vehicles. The overall automobile retail sales rose by 26 per cent to 23,80,465 units in November 2022, as compared with 18,93,647 units in November 2021.

FADA President Manish Raj Singhania has said November 2022 has clocked highest retails in the history of Indian automobile Industry with March'20 as an exception when retails were higher due to BS IV to BS VI transition. He said the sales momentum continued even after the end of the festive period with the start of the wedding season. Passenger vehicle retail sales rose by 21 per cent year on year last month to cross three lakh unit mark in November aided by better availability of models, new launches and increase in demand in rural areas. The overall passenger vehicle retail sales in November 2022 rose to 3,00,922 units, as compared with 2,48,052 units in November 2021.

Singhania further said better availability of model mixes from past months, new launches and increase in rural demand continues to keep the segment in healthy condition. Compact SUV and SUV category coupled with higher variant models continues to rule to roost. He noted that aided by brisk offtake, two-wheeler retails rose to 18,47,708 units last month, up 24 per cent, as against 14,94,797 units in November 2021. The commercial vehicle sales rose by 33 per cent to 79,369 units last month, as compared with 59,765 units in last November. He added that the government's continued focus in the infrastructure space and new mining projects, replacement demand continued to push the segment. Three-wheeler and tractor retails grew by 81 per cent and 57 per cent respectively last month as compared with year-ago period.