Vehicle retail sales up by 26% in November 2022

Vehicle retail sales up by 26% in November 2022

12/09/2022

Passenger vehicle sales went up by 21.31% compared to the previous year.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales went up by 25.71% in November 2022, compared to the same month last year.

Overall sales for the month of November 2022 stood at 23,80,465 units, compared to 18,93,647 units in November 2021. Compared to November 2019, when 23,44,783 units were sold, total vehicle retails have increased by 1.52%.

Tractor sales increased by 56.81%, from 49,737 units in November 2021 to 77,993 units last month.

Two-wheeler sales increased by 23.61% to 18,47,708 units from 14,94,797 units in November 2021.

Three-wheeler sales were up by 80.34% in November 2022. 74,473 units were sold, compared to 41,296 units in November 2021.

Passenger vehicle sales went up by 21.31% compared to the previous year. 3,00,922 units were sold last month, compared to 2,48,052 units in November 2021.

Commercial vehicle sales also increased by 32.80%. 79,369 units were sold in November 2022, compared to 59,765 units in the previous year.

When it comes to vehicle sales, the festive cheer continued into the wedding season, as all categories recorded growth. Better availability of model mixes from past months, new launches and an increase in rural demand kept the PV segment in the green. Demand for compact SUVs, SUVs and higher variants remained strong.

Team-BHP’s detailed analysis of the November 2022 sales figures.

 

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