Auto Sales India: According to data from FADA, the overall auto retail market in India grew by 15% YoY in January. The two-wheeler, three-wheeler, passenger vehicle, and tractor segments witnessed YoY growth of 15%, 37%, 13%, and 21%, respectively. However, commercial vehicles (CVs) only saw a 0.1% growth due to factors like extreme weather, tightened liquidity, high vehicle costs, and more restricted financing.
According to data from FADA, the overall auto retail market in India grew by 15% YoY in January. The two-wheeler, three-wheeler, passenger vehicle, and tractor segments witnessed YoY growth of 15%, 37%, 13%, and 21%, respectively. However, commercial vehicles (CVs) only saw a 0.1% growth due to factors like extreme weather, tightened liquidity, high vehicle costs, and more restricted financing.
April auto sales: Leading carmaker Maruti Suzuki India Limited sold a total of 1,09,919 units in April 2023, which was slightly down from 1,13,682 units in April 2022.
March auto sales: Leading carmaker Maruti Suzuki India Limited sold a total of 1,37,201 units in March 2023, which was marginally up from 1,18,446 units in 2022.
Passenger vehicles, two-wheelers and tractors saw a decline of 5 per cent, 11 per cent and 28 per cent respectively, as per the Federation of Automobile Dealers Association (FADA).