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Car sales grew by 11 pc in September; dealers expect best ten-year period for PVs

Car sales grew by 11 pc in September;  dealers expect best ten-year period for PVs

India’s auto sales rose 11 percent in September as better supplies from manufacturers allowed dealers to ramp up deliveries to customers during the ongoing holiday season, Federation Of Automobile Dealers Associations (FADA) said Tuesday.

Last month, total retail sales were 14,64,001 units, compared to 13,19,647 units in September 2021.

FADA noted that October is expected to see even better overall sales as the holiday season continues to pick up steam.

“Dealers expect this to be the best holiday season in a decade for the passenger car segment as we expect even higher sales throughout the month,” the company said.

With the exception of tractors and some tricycles, all other segments such as passenger and commercial vehicles and two-wheelers outperformed in September compared to the same period a year ago.

Passenger car sales rose 10 percent last month to 2,60,556 units, from 2,37,502 units in September 2021.

“Better car availability thanks to the easing of semiconductor supply, new launches and feature-rich products kept customers from dealers to get their favorite vehicles during the favorable period,” said Manish Raj Singhania, president of the Federation Of Automobile Dealers Associations (FADA), in a statement.

As semiconductor supplies continue to decline, FADA is asking Original Equipment Manufacturers (OEMs) to match supply with demand so that PV sales can continue to rise, he added.

Similarly, two-wheeler registrations saw a 9 percent increase to 10,15,702 units last month, compared to 9,31,654 units in September last year.

Singhania noted that entry-level bike space was hit the most, dragging sales across the entire two-wheeler segment.

FADA said commercial vehicle sales rose to 71,233 units, compared to 59,927 units in September last year, a 19 percent increase.

Last month, tractor sales totaled 52,595 units, compared to 53,392 units in September last year.

In passenger cars, Maruti Suzuki India led the vertical with sales of 1,03,912 units in September, compared to 99,276 units in the same period a year ago.

Hyundai Motor India and Tata Motors registered 39,118 and 36,435 units respectively last month, FADA said.

In terms of two-wheelers, Honda Motorcycle and Scooter led India in September with sales of 2,84,160 units. It was followed by Hero MotoCorp with registrations of 2,50,246 units.

Tata Motors led the commercial vehicle segment with sales of 28,615 units last month, FADA said.

Tricycle vertical saw Bajaj Auto lead with sales of 19,474 units last month.