Vehicle retail sales up by 3.14% in March 2024

FADA has also released the vehicle retail data for FY2024, which shows an overall growth of 10.29%.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales grew by 3.14% in March 2024 compared to the same month last year.

Overall sales for the month of March 2024 stood at 21,27,177 units, compared to 20,62,409 units in March 2023.

Tractor sales were down by 3.33%, from 81,148 units in March 2023 to 78,446 units last month.

Two-wheeler sales went up by 5.44% to 15,29,875 units from 14,50,913 units in March 2023.

Three-wheeler sales were up by 17.13% in March 2024. 1,05,222 units were sold, compared to 89,837 units in March 2023.

Passenger vehicle sales went down by 6.17% compared to the previous year. 3,22,345 units were sold last month, compared to 3,43,527 units in March 2023.

Commercial vehicle sales also decreased by 5.87%. 91,289 units were sold in March 2024, compared to 96,984 units in the previous year.

FADA has also released the vehicle retail data for FY2024, which shows an overall growth of 10.29% compared to the previous fiscal.

Passenger vehicle sales stood at 39,48,143 units, up by 8.45% compared to FY2023. The 2-wheeler segment also registered a growth of 9.30% with 1,75,17,173 units of sales. The LCV category saw a nominal degrowth of 1.09%.

Team-BHP's detailed analysis of the March 2024 sales figures.