Automobile retail sales rise 11% in September on festive fervour, better supplies

Automobile retail sales in India increased 11% in September as stronger manufacturer supply allowed dealers to ratchet up client deliveries during the ongoing festival season, according to the Federation of Automobile Dealers Associations (FADA). Total retail sales were 1,464,001 units last month, up from 1,319,647 units in September 2021.

According to FADA, October is projected to see significantly higher overall sales as the holiday season gains traction. Except for tractors and some three-wheeler trims, all other segments, including passenger and commercial vehicles, and two-wheelers, did better in September than the previous year.

Passenger vehicle retail sales jumped 10% last month to 260,556 units, up from 237,502 units in September 2021. Similarly, two-wheeler registrations increased by 9% last month to 1,015,702 units, up from 931,654 units in September of last year. Commercial vehicle offtakes increased by 19% to 71,233 units in September, up from 59,927 units the previous September. Tractor sales were 52,595 units last month, down from 53,392 units in September of last year.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.