Automobile retail sales rise 11% in September on festive fervour, better supplies

Last month, total retail sales stood at 14,64,001 units

Automobile retail sales in India rose 11% in September as better supplies from manufacturers enabled dealers to ramp up customer deliveries amid the ongoing festive period, Federation Of Automobile Dealers Associations said on Tuesday.

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

FADA noted that October is expected to witness even better overall sales due to the festive season further gathering steam.

"Dealers anticipate this to be the best festive period in a decade for the passenger vehicle segment as we anticipate even higher sales during the month," it said.

Barring tractors and some three-wheeler trims, all other segments like passenger and commercial vehicles and two wheelers performed better in September as compared to the year-ago period.

Passenger vehicle retails increased 10% to 2,60,556 units last month as against 2,37,502 units in September 2021.

"Better availability of cars due to easing semiconductor supply, new launches and feature rich products kept customers glued to dealerships for getting their favourite vehicles during the auspicious period," Federation Of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in a statement.