Passenger vehicle sales went up by 19.03% compared to the previous year.
According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales grew by 20.36% in September 2023, compared to the same month last year.
Overall sales for the month of September 2023 stood at 18,82,071 units, compared to 15,63,735 units in September 2022.
Tractor sales dropped by 9.66%, from 60,321 units in September 2022 to 54,492 units last month.
Two-wheeler sales went up by 21.68% to 13,12,101 units from 10,78,286 units in September 2022.
Three-wheeler sales were up by 48.58% in September 2023. 1,02,426 units were sold, compared to 68,937 units in September 2022.
Passenger vehicle sales went up by 19.03% compared to the previous year. 3,32,248 units were sold last month, compared to 2,79,137 units in September 2022.
Commercial vehicle sales also increased by 4.87%. 80,804 units were sold in September 2023, compared to 77,054 units in the previous year.
According to FADA, compared to the pre-pandemic period, overall retail sales have increased by 14%, signalling a healthy recovery. The 2W category showed a 2% growth for the first time. The 3W segment also recorded consecutive all-time high sales.
Team-BHP’s detailed analysis of the September 2023 sales figures.
Keyword: Vehicle retail sales up by 20% in September 2023