Auto retail sales dip 5% in December after two-month cruising: FADA

The Indian auto industry's domestic PV sales in December 2022 were 276,000 units, 8.3 per cent higher than in December 2021, according to company numbers

Automotive (auto) retail sales in India saw a 5 per cent dip in December 2022 after a two-month good run, mainly due to a 11 per cent decline in two-wheeler sales, reveals data released by the Federation of Automobile Dealers Associations (FADA). The downer comes at a time when FADA’s wholesale numbers revealed better figures earlier this month.

Other than two-wheelers, FADA numbers showed all other categories being in the green in December, with three-wheeler, passenger vehicle (PV), tractor, and commercial vehicle during the same period posting growth of 42 per cent, 8 per cent, 5 per cent, and 11