Vehicle retail sales increase by 27% in June 2022
The passenger vehicle segment continued to see robust growth during the month. An increase in wholesale is an indicator of improved semiconductor availability.
According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales increased by 27% in June 2022, compared to the same month last year.
Overall sales for the month of June 2022 stood at 15,50,855 units, compared to 12,19,657 units in June 2021. However, compared to June 2019, when 16,98,324 units were sold, total vehicle retails have dropped by 8.68%.
The passenger vehicle segment continued to see robust growth during the month. An increase in wholesale is an indicator of improved semiconductor availability. There was healthy demand but waiting period, especially for SUVs continues to remain high.
Tractor sales increased by 9.66%, from 52,289 units in June 2021 to 57,340 units.
Two-wheeler sales increased by 20.23% to 11,19,096 units from 9,30,825 units in June 2021.
Three-wheeler sales were up by 212.45% in June 2022. 46,040 units were sold, compared to 14,735 units in June 2021.
Passenger vehicle sales increased by 40.15% compared to the previous year. 2,60,683 units were sold last month, compared to 1,85,998 units in June 2021.
Commercial vehicle sales increased by 89.04%. 67,696 units were sold in June 2022, compared to 35,810 units in the previous year.
Team-BHP’s detailed analysis of the June 2022 sales figures.
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