Auto Sales Data: Vehicles sold heavily in January, sales increased so much, FADA claims

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Automobile Sales Data: Due to strong registrations of passenger vehicles, two-wheelers and tractors, the total retail sales of vehicles in the country jumped by 14 percent in January. The Federation of Automobile Dealers Association (FADA), an organization of vehicle dealers, has given this information. In January 2023, the total sales of vehicles in various categories increased to 18,26,669 units. In January 2022, the vehicle sales figure was 16,08,505 units.

Last month, the registration of passenger vehicles increased by 22 percent to reach 3,40,220 units. In the same period a year ago, the registration of passenger vehicles was 2,79,050 units. Similarly, retail sales of two-wheelers increased to 12,65,069 units last month, compared to 11,49,351 units in January 2022. In this way, the sales of two-wheelers increased by 10 percent.

Retail sales of three-wheelers increased by 59 percent to 41,487 units during the period under review. At the same time, the registration of commercial vehicles increased by 16 percent to reach 82,428 units. Commercial vehicle sales in January 2022 stood at 70,853 units. Similarly, tractor sales increased by eight percent to 73,156 units last month. In January 2022, this figure was 67,764 units.

FADA President Manish Raj Singhania said that the total retail sales of vehicles in January has increased as compared to the same period last year, but it is still eight percent less than the pre-Covid i.e. January, 2020. On the business outlook, Singhania said with factory activity in China picking up again, the global supply situation for components and semiconductors is expected to improve. This will improve the supply of vehicles and reduce the waiting period.

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