New Delhi– India’s auto industry recorded its best June sales performance ever, with retail sales rising 21.83 percent year over year to 25,57,234 units, according to data released Monday by the Federation of Automobile Dealers Associations.
Sales also rose 1.03 percent from May, FADA said.
Passenger vehicles were a key driver of the record month, with retail sales rising 28.63 percent from a year earlier and 2.05 percent from May to 4,10,853 units, marking the segment’s best June ever.
Rural demand continued to outpace urban markets, with passenger vehicle sales in rural areas growing 35.09 percent, compared with 24.67 percent growth in urban areas.
“PV alternative-fuel share — CNG, Hybrid and EV combined — crossed the 40 per cent mark for the first time, at 40.35 per cent, with PV EV retails of 31,823 units, an all-time high,” said FADA President CS Vigneshwar.
Two-wheeler retail sales stood at 18,28,458 units, up 21.22 percent from a year earlier, also marking the segment’s best June on record. However, sales were marginally lower by 0.89 percent from May.
Dealers reported strong entry-level demand, improved supplies from automakers after the West Asia ceasefire and a clear shift in powertrain preferences. The share of electric two-wheelers crossed double digits for the first time, reaching 10.60 percent, compared with 7.34 percent a year earlier.
Commercial vehicle sales rose 16.88 percent year over year to 90,972 units, their best June on record. Rural commercial vehicle sales grew 21.63 percent.
Three-wheeler retail sales rose 16.20 percent from a year earlier to 1,20,889 units, also the best June ever for the segment. Electric vehicles accounted for 64.08 percent of three-wheeler sales.
Tractor sales increased 25.31 percent year over year and 21.33 percent from May to 1,00,818 units, supported by pre-Kharif preparations.
FADA said dealer sentiment remains positive. About 51.24 percent of dealers expect growth, 41.79 percent anticipate a flat market and 6.97 percent expect a decline.
“Expectations rest on the monsoon making up its deficit, Kharif sowing gathering pace and supplies staying normalised following the West Asia ceasefire and easing crude prices,” Vigneshwar said. (Source: IANS)
