Auto sales rise 14% in January; robust registrations across passenger vehicles

Automobile retail sales in India rose 14 per cent in January on the back of robust registrations across passenger vehicles, two-wheelers and tractors, dealers' body Federation of Automobile Dealers Associations said on Monday.

Total sales across categories last month rose to 18,26,669 units, as compared to 16,08,505 units in January 2022.

Passenger vehicle registrations rose to 3,40,220 units last month, an increase of 22 per cent as compared to 2,79,050 units in the year-ago period.

Similarly, two-wheeler retails rose to 12,65,069 units last month, as against 11,49,351 units in January 2022, an increase of 10 per cent.

Three-wheeler retail sales rose to 65,796 units, up 59 per cent from 41,487 units in January last year.

Commercial vehicle registrations were at 82,428 units in January, up 16 per cent from 70,853 units in the year-ago period.

Similarly, tractor sales rose by 8 per cent to 73,156 units last month, as against 67,764 units in January last year.

Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said the total retail sales in January grew as compared with year-ago period but still remained down by 8 per cent when compared to pre-Covid month of January 2020.