Retail vehicle sales increase by 27% in June 2022

By on July 12, 2022 0

The passenger vehicle segment continued to show robust growth during the month. An increase in wholesale is an indicator of improved availability of semiconductors.

According to data released by the Federation of Automobile Dealers Associations (FADA), retail sales of vehicles increased by 27% in June 2022, compared to the same month last year.

Overall sales for the month of June 2022 were 15,50,855 units, compared to 12,19,657 units in June 2021. However, compared to June 2019, when 16,98,324 units were sold, total vehicle sales increased. fell 8.68%.

The passenger vehicle segment continued to show robust growth during the month. An increase in wholesale is an indicator of improved availability of semiconductors. Demand was strong, but the lead time, especially for SUVs, remains high.

Tractor sales increased by 9.66%, from 52,289 units in June 2021 to 57,340 units.

Sales of two-wheelers increased by 20.23% to 11,19,096 units from 9,30,825 units in June 2021.

Sales of three-wheelers increased by 212.45% in June 2022. 46,040 units were sold, compared to 14,735 units in June 2021.

Sales of passenger vehicles increased by 40.15% compared to the previous year. 2,60,683 units were sold last month, compared to 1,85,998 units in June 2021.

Commercial vehicle sales increased by 89.04%. 67,696 units were sold in June 2022, compared to 35,810 units the previous year.

Detailed analysis by Team-BHP of sales figures for June 2022.