Passenger vehicle sales went up by 6.51% compared to the previous year.
According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales went up by 8% in August 2022, compared to the same month last year.
Overall sales for the month of August 2022 stood at 15,21,490 units, compared to 14,04,704 units in August 2021. Compared to August 2019, when 16,43,903 units were sold, total vehicle retails have dropped by 7.45%.
In spite of good monsoons, the festive season began with a dampener during Ganpati. The PV segment showed strong growth thanks to new feature-rich vehicle launches. Vehicle availability has improved but the waiting period continues to remain high.
Tractor sales dropped by 31.72%, from 72,208 units in August 2021 to 49,305 units.
Two-wheeler sales increased by 8.52% to 10,74,266 units from 9,89,969 units in August 2021.
Three-wheeler sales were up by 83.14% in August 2022. 56,313 units were sold, compared to 30,748 units in August 2021.
Passenger vehicle sales went up by 6.51% compared to the previous year. 2,74,448 units were sold last month, compared to 2,57,672 units in August 2021.
Commercial vehicle sales also increased by 24.12%. 67,158 units were sold in August 2022, compared to 54,107 units in the previous year.
Team-BHP’s detailed analysis of the August 2022 sales figures.
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