Vehicle retail sales drop by 4% in April 2023

Passenger vehicle sales were down by 1.35% compared to the previous year.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales dropped by 4.03% in April 2023, compared to the same month last year.

Overall sales for the month of April 2023 stood at 17,24,935 units, compared to 17,97,432 units in April 2022.

Tractor sales increased by 1.48%, from 55,019 units in April 2022 to 55,835 units last month.

Two-wheeler sales were down by 7.30% to 12,29,911 units from 13,26,773 units in April 2022.

Three-wheeler sales were up by 57.22% in April 2023. 70,928 units were sold, compared to 45,114 units in April 2022.

Passenger vehicle sales were down by 1.35% compared to the previous year. 2,82,674 units were sold last month, compared to 2,86,539 units in April 2022.

Commercial vehicle sales increased by 1.91%. 85,587 units were sold in April 2023, compared to 83,987 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 2-wheeler segment's continued low sales, with a 7% YoY decrease, can be attributed to limited supplies due to the OBD 2A shift, untimely rains, and pre-buying in March.

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

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