Auto retail sales rose 28% year-on-year during 2022 festive season

  • Total vehicle retail sales for the month of October saw a growth of 48 per cent on a yearly basis.
File photo used for representational purpose only (Bloomberg)
File photo used for representational purpose only

Total retail sales of the Indian auto industry during this festive season 2022 soared 28% year-on-year. Sales soared in most vehicle categories including two-wheelers, three-wheelers, passenger cars, tractors and commercial vehicles, growing by 26%, 66%, 28% and 33% respectively, as per data from the Federation of Automobile Dealers Associations (FADA).

Total vehicle retail sales for the month of October saw a growth of 48 per cent on a yearly basis. All the categories closed in green with two-wheelers, three-wheelers, passenger vehicles, tractor, and commercial vehicles recording 51 per cent, 66 per cent, 41 per cent, 17 per cent and 25 per cent growth, respectively.

Also check these Vehicles

Find more Cars
Mahindra Ekuv100 (HT Auto photo)
BatteryCapacity Icon40 kWh Range Icon150 Km
₹ 8.25 - 10 Lakhs
Alert Me When Launched
Mahindra S204 (HT Auto photo)
₹ 12 Lakhs
Alert Me When Launched
Lexus Ux 300e (HT Auto photo)
BatteryCapacity Icon 54.3kWh Range Icon400 km
₹ 75 - 85 Lakhs
Alert Me When Launched
Hyundai Kona Electric 2024 (HT Auto photo)
BatteryCapacity Icon64.8 kWh Range Icon418 Km
₹ 25 Lakhs
Alert Me When Launched
Maruti Suzuki Xl5 (HT Auto photo)
Engine Icon998 cc FuelType IconPetrol
₹ 5 Lakhs
Alert Me When Launched
Tata Sierra Ev (HT Auto photo)
BatteryCapacity Icon69 kWh Range Icon420 Km
₹ 25 - 30 Lakhs
Alert Me When Launched

Also Read : Inflation may puncture global car sales. Here's how

Since October of 2019, a pre-Covid month, total vehicle retails for the first time closed in green with an increase of eight per cent. Except for three-wheelers, which saw a marginal dip of 0.6 per cent, all the other categories were in green with two-wheelers, passenger vehicles, tractors and commercial vehicles growing by 6 per cent, 18 per cent, 47 per cent and 13 per cent, respectively.

Dealers say that sentiments have also started improving at the rural level but the same needs to sustain for at least the next three to four months. Apart from this, new launches and good customer schemes also played a pivotal role in helping revive demand.

A massive growth was witnessed in the three-wheeler segment at 66 per cent year-on-year but it was marginally below the red line in 2019 by de-growing 0.6 per cent. The passenger vehicle segment showed a growth of 41 per cent year-on-year and 18 per cent when compared to 2019. The segment also continues to see extremely high demand, especially in SUV and compact SUV segments, including higher variants in most of the product categories.

First Published Date: 07 Nov 2022, 13:54 PM IST

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.