Overall sales for the month of May 2022 stood at 16,46,773 units, compared to 5,36,795 units in May 2021.
According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales increased by 207% in May 2022, compared to the same month last year.
Overall sales for the month of May 2022 stood at 16,46,773 units, compared to 5,36,795 units in May 2021. However, compared to May 2019, when 18,22,900 units were sold, total vehicle retails have dropped by 9.66%.
While YoY comparison with May 2021 shows an exceptionally healthy growth rate across all categories, it is important to note that both May 2021 and May 2020 were affected by a nationwide lockdown due to Covid.
The reduction in excise duty on fuel prices has reduced inflation and will have a positive impact on sales of vehicles, especially 2-wheelers. That being said, supply chain issues continue to persist and are affecting delivery schedules.
Tractor sales increased by 215.75% from 16,626 units in May 2021 to 52,847 units.
Two-wheeler sales increased by 197.66% to 12,22,994 units from 4,10,871 units in May 2021.
Three-wheeler sales were up by 695.93% in May 2022. 41,508 units were sold compared to 5,215 units in May 2021.
Passenger vehicle sales increased by 204.30% compared to the previous year. 2,63,152 units were sold last month compared to 86,479 units in May 2021.
Commercial vehicle sales increased by 278.44%. 66,632 units were sold in May 2022 compared to 17,607 units in the previous year.
Team-BHP’s detailed analysis of the May 2022 sales figures.
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