Indian automobile retail sales across all categories registered a sales growth of 14 percent year on year in March this year, according to data released by the Federation of Automobile Dealers’ Association (FADA) on Tuesday, April 4.
According to FADA, retail sales as per new registrations for all categories of automobile recorded a 21 percent year-on-year sales growth during the fiscal year 2022-23.
It said retail sales growth of two-wheelers, three-wheelers, passenger cars and commercial vehicles recorded sales growth of 12 percent, 69 percent, 14 percent and 10 percent in March, respectively.
“The financial year 2022-23 was the first full year without any impact of Covid after a gap of two years. Consequently, overall retail sales during the year experienced double-digit growth of 21 percent,” Manish Raj Singhania, president of FADA, said.