Vehicle retail sales up by 9.57% in June 2023

Passenger vehicle sales were up by 4.79% compared to the previous year.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales increased by 9.57% in June 2023, compared to the same month last year.

Overall sales for the month of June 2023 stood at 18,63,868 units, compared to 17,01,105 units in June 2022.

Tractor sales increased by 41.04%, from 69,952 units in June 2022 to 98,660 units last month.

Two-wheeler sales were up by 6.77% to 13,10,186 units from 12,27,149 units in June 2022.

Three-wheeler sales were up by 75.48% in June 2023. 86,511 units were sold, compared to 49,299 units in June 2022.

Passenger vehicle sales were up by 4.79% compared to the previous year. 2,95,299 units were sold last month, compared to 2,81,811 units in June 2022.

Commercial vehicle sales increased by 0.44%. 73,212 units were sold in June 2023, compared to 72,894 units in the previous year.

The Passenger Vehicle segment, which achieved record sales in FY23, slowed down in April, with retails decreasing by 1% YoY. This was primarily due to last year's high base and the OBD 2A norms, which led to vehicle price increases and advanced purchases in March.

The month of June registered all-time highs for 3W, PV and Tractor segments. The PV segment experienced an uptick in demand for new models. FADA predicts rural sales to pick up further pace.

Team-BHP's detailed analysis of the June 2023 sales figures.