Domestic automobile retail sales up 5 pc in June; PVs, two-wheelers witness growth

NEW DELHI: 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 on Monday.

- NL CORESSPONDENT

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 liquid ity weighed on footfall and conversion, even as elevated incentive schemes and fresh bookings lent selective support,” FADA President C S 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.