Domestic automobile retail sales up 5% in June

Automobile retail sales in India rose around 5 per cent year-on-year in June with all vehicle segments, including passenger vehicles and two-wheelers, witnessing growth, Federation of Automotive Dealers Associations (FADA) said Monday.

- PRESS TRUST OF INDIA

Overall automobile registrations last month stood at 20,03,873 units, up 4.84 per cent as compared with 19,11,354 units in June 2024. Passenger vehicle (PV) retail sales rose 2 per cent year-on-year to 2,97,722 units last month as against 2,90,593 units in the year-ago period.

"Heavy rains and tight market liquidity weighed on footfall and conversion, even as elevated incentive schemes and fresh bookings lent selective support,” FADA President CS Vigneshwar said in a statement.

Some dealers indicated that certain PV OEMs have introduced compulsory billing procedures such as automatic wholesale debits - to meet volume targets; inventory consequently stands at around 55 days, he added.

June thus painted a picture of modest but steadfast passenger vehicle performance amid varied market cues, Vigneshwar stated.

Two-wheeler retails rose 5 per cent year-on-year to 14,46,387 units in June.