Vehicle retails in July down by 8%, 3-wheelers and CVs shine
FADA retail sales data show overall numbers down by 8% YoY; three-wheelers (80%) and CVs (27%) are in growth mode, two-wheelers (-11%), PVs (-5%) and tractors (-28%) saw declines.
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Here is the real-world, on-ground market reality of vehicle sales in India. As per the vehicle retail data for July 2022 released by the Federation of Automobile Dealers Associations (FADA) today, total vehicle retails at 14,36,927 units are a 7.84% decline from July 2021’s 15,59,106 units.
Three-wheelers (up 80%) and commercial vehicles (27%) were the only segments which closed positively while two-wheelers (-11%), passenger vehicles (-5%) and tractors (-28%) saw YoY sales declines.
When compared with July 2019, a pre-Covid month, total vehicle retails have fallen by 20%. While PVs (19%) and tractors (7%) continue to outperform, all ...
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