May retail auto sales up 10%, EV penetration touches 8%
The Morning Standard|June 06, 2023
OWING to growing demand across categories, total auto retail sales experienced a 10% year-on-year (YoY) growth in May 2023 to 2,019,414 units, compared to 1,833,421 units during the same period last year, according to the data from the Federation of Automobile Dealers Associations (FADA).
May retail auto sales up 10%, EV penetration touches 8%

While passenger vehicle (PV) sales grew by 4% to 298,873 units in May 2023 from 286,523 units same month last year, two-wheeler sales last month rose 9.5% to 14,93,234 units, showed Fada's data. Commercial vehicle retail grew by 7% to 77,135 units last month and three-wheeler retail sales rose 79% to 79,433 units last month. Tractor sales also surged to 70,739 units, up 10% YoY.

This story is from the June 06, 2023 edition of The Morning Standard.

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This story is from the June 06, 2023 edition of The Morning Standard.

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