New Delhi, July 7
Total automobile retail sales across segments in India grew 4.84 per cent year-on-year in June to cross 20.03 lakh units, driven by festival and marriage-season demand, Federation of Automotive Dealers Associations (FADA) said on Monday.
"Segment-wise, every category closed in the green with two-wheelers at 4.73 per cent, three-wheelers at 6.68 per cent, passenger vehicles at 2.45 per cent, commercial vehicles at 6.6 per cent, tractors at 8.68 per cent and construction equipment at 54.95 per cent," said FADA president C.S. Vigneshwar.
"While festival and marriage-season demand provided a boost, financing constraints and intermittent variant shortages moderated sales. Early monsoon rains and rising EV penetration also shaped buying patterns,” he said.
“Overall, June demonstrated a resilient two-wheeler performance amid mixed market signals," Vigneshwar added.
Passenger vehicle retails slipped 1.49 per cent month-on-month yet delivered a 2.45 per cent year-on-year uplift. "Heavy rains and tight market liquidity weighed on footfall and conversion, even as elevated incentive schemes and fresh bookings lent selective support. Some dealers indicated that certain PV manufacturers have introduced compulsory billing procedures -- such as automatic wholesale debits -- to meet volume targets; inventory consequently stands at around 55 days. June thus painted a picture of modest but steadfast PV performance amid varied market cues," said Vigneshwar.