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Automobile retail sales in India rise 14% in January 2023: FADA

06 Feb 2023 Evaluate

Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India rose 14 per cent in January 2023 on the back of robust registrations across passenger vehicles, two-wheelers and tractors. Total sales across categories in January 2023 rose to 18,26,669 units, as compared to 16,08,505 units in January 2022.

Passenger vehicle registrations rose to 3,40,220 units in January 2023, an increase of 22 per cent as compared to 2,79,050 units in the year-ago period. Similarly, two-wheeler retails rose to 12,65,069 units in January 2023, as against 11,49,351 units in January 2022, an increase of 10 per cent. Three-wheeler retail sales rose to 65,796 units, up 59 per cent from 41,487 units in January last year.

Commercial vehicle registrations were at 82,428 units in January 2023, up 16 per cent from 70,853 units in the year-ago period. Similarly, tractor sales rose by 8 per cent to 73,156 units in January 2023, as against 67,764 units in January last year.

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