Vehicle retail sales up by 48% in October 2022
The 42-day festive period saw cumulative sales of 28,88,131 units.
According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales went up by 47.62% in October 2022, compared to the same month last year.
Overall sales for the month of October 2022 stood at 20,94,378 units, compared to 14,18,726 units in October 2021. Compared to October 2019, when 19,33,484 units were sold, total vehicle retails have increased by 8.32%.
Tractor sales increased by 17.42%, from 45,445 units in October 2021 to 53,362 units last month.
Two-wheeler sales increased by 51.10% to 15,71,165 units from 10,39,845 units in October 2021.
Three-wheeler sales were up by 65.87% in October 2022. 66,763 units were sold, compared to 40,251 units in October 2021.
Passenger vehicle sales went up by 40.55% compared to the previous year. 3,28,645 units were sold last month, compared to 2,33,822 units in October 2021.
Commercial vehicle sales also increased by 25.40%. 74,443 units were sold in October 2022, compared to 59,363 units in the previous year.
The 42-day festive period saw cumulative sales of 28,88,131 units. That’s a growth of 28.81% compared to last year and 9.10% more than the 2020 festive season.
Team-BHP’s detailed analysis of the October 2022 sales figures.
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