This vehicle category is in the black with retails of 1.3 million units in June and up 6.77%. The two-wheeler segment, the largest in terms of volumes and best when it comes to affordability. Importantly, the critical CV sector has grown out of the shadow of Covid, improving its performance by 1.5% when compared to June 2019 sales. It is to be noted that June 2023 saw the three-wheeler, PV and tractor segment notch their best-ever sales numbers for the month of June.Īs per FADA, despite a marginal decline of -3% compared to pre-Covid levels, the overall retail figures have relatively improved barring two-wheelers (-14%). Let’s take a closer look at June sales as well as segment-wise performance. In CY2022, total vehicle retails were 2,11,20,441 units, which means halfway into CY2023, cumulative retails are 53% ofall of last year. India Auto Inc retails had surpassed the 2 million-mark in two months of the year to date – March 2023 (20,41,847 units) and May 2023 (20,19,414 units). At 11.25 million units (1,12,52,157 units), cumulative sales for the first six months of this year are up 9.62% over January-June 2022 sales of 1,02,64,461 units.
June 2023 retails, which are a shade above January 2023’s 18,26,669 units, reflect the slow growth of the two-wheeler segment which have dragged overall numbers. While the 18,63,868 units sold across five vehicle segments – two- and three-wheelers, passenger vehicles, commercial vehicles and tractors – constitute 9.57% year-on-year growth (June 2022: 17,01,105 units), month-on-month retails are down 7.7% (May 2023: 20,19,414 units) as depicted in the sales data table below. Apex automobile retail body FADA (Federation of Automobile Dealers Associations of India) today released its sales numbers for June 2023, reflecting the real-world market scenario.
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