Vehicle: Total sales of vehicles in January crossed 18 lakh units with a jump of 14 percent.

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New Delhi : The overall retail sales of vehicles in the country jumped 14 per cent in January on the back of strong registrations of passenger vehicles, two-wheelers and tractors. The Federation of Automobile Dealers Association (FADA), an organization of vehicle dealers, gave this information on Monday. In January 2023, the total sales of vehicles across various categories increased to 18,26,669 units. In January 2022, the vehicle sales figure stood at 16,08,505 units.

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

Retail sales of three-wheelers grew by 59 per cent 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 grew by eight per cent 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, global supply conditions for components and semiconductors are expected to improve. This will improve the supply of vehicles and reduce the waiting period.

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