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Auto Sales: Shraddha period in October reduced vehicle sales, two wheelers took a big dive

Photo:REUTERS Retail sales in the passenger vehicle segment also declined by 1.35 percent in October.

Auto Sales: The pace of retail sales of vehicles (vehicle sales in October) decreased last month. Releasing the October figures, the Federation of Automobile Dealers Association (FADA) said that retail vehicle sales in the domestic market fell by 7.73 percent year-on-year in October to 21,17,596 units. According to Bhasha news, while giving this information on Monday, FADA said that the main reason for the decline in sales was the period of Shraddha. It was also revealed in the latest data that the biggest decline in sales was seen in the two wheeler segment.

new purchases affected

FADA President Manish Raj Singhania said that the Shraddha period considered inauspicious in this month continued till October 14. In the first 15 days of October, there was an eight percent decline in vehicle sales in October on an annual basis. The data released showed that due to decline in the purchase of two-wheelers, new purchases have also been affected. FADA said in a statement that retail vehicle sales in the domestic market in October 2022 stood at 22,95,099 units.

Last month, retail sales of two wheelers declined by 12.60 percent to 15,07,756 units, which was 17,25,043 units in October last year. Similarly, in the passenger vehicle segment also, retail sales in October fell by 1.35 percent to 3,53,990 units. It was 3,58,884 units in October, 2022.

Sales of three-wheelers increased strongly

Three-wheeler sales increased by 45.63 percent to 1,04,711 units in October, compared to 71,903 units in the same month a year ago. Tractor retail sales also increased by 6.15 percent to 62,440 units in October, from 58,823 units in October, 2022. Retail sales of commercial vehicles increased by 10.26 percent to 88,699 units in October this year, compared to 80,446 units in the same month a year ago.

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