Automobile retail sales in India rise 18% in November: FADA
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Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India rose to a record high in November 2023, aided by the best ever monthly performance across passenger vehicle and two-wheeler segments. The overall retail sales stood at 28,54,242 units in November 2023, 18 per cent higher over 24,09,535 units in November 2022.
Passenger vehicle (PV) retail sales rose to 3,60,431 units in November 2023 as compared to 3,07,550 units in the year-ago period, registering a growth of 17 per cent. Similarly, two-wheeler registrations rose by 21 per cent in November 2023 to 22,47,366 units from 18,56,108 units in November last year. The two-wheeler segment saw sales of 22.47 lakh vehicles, an increase of 1.77 lakh vehicles compared to the previous high of March 2020, while the passenger vehicle category also sold 3.6 lakh units, over 4,000 units more when compared to the previous high of October 2022.
Three-wheeler retail sales rose to 99,890 units in November 2023, registering a growth of 23 per cent from November 2022. Tractor sales, however, witnessed a decline of 21 per cent to 61,969 units in November from 78,720 units in the year-ago period. Similarly, commercial vehicle retail sales witnessed a dip of 2 per cent year-on-year at 84,586 units in November 2023.
