The Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India surged over 20 per cent in September 2023 as demand soared across vehicle segments with the onset of festival season. Overall automobile registrations rose to 18,82,071 units in September from 15,63,735 units in September 2022.
FADA stated that the year-on-year (YoY) analysis reveals broad-based growth across segments as two-wheeler sales grew 22 per cent, three-wheeler retails soared 49 per cent, passenger vehicle sales grew 19 per cent, while commercial vehicles saw a sales growth of 5 per cent. However, tractor retail sales declined 10 per cent in September 2023, as compared to the same month last year. Passenger vehicle registrations rose 19 per cent YoY to 3,32,248 units in September 2023, as compared to 2,79,137 units in September 2022, as vehicle availability improved.
It further said two-wheeler retail sales grew by 22 per cent to 13,12,101 units in September 2023 as against 10,78,286 units in September 2022. Commercial vehicle registrations rose by 5 per cent YoY to 80,804 units in September 2023. Three-wheeler sales saw an increase of 49 per cent to 1,02,426 units in September 2023, as against 68,937 units in September 2022. Tractor sales declined to 54,492 units, as compared to 60,321 units in September 2022.
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