The PV segment growth can be attributed to the launch of new models, continuously improving supply coupled with a healthy booking-to-cancellation ratio.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales grew by 16% in February 2023, compared to the same month last year.

Overall sales for the month of February 2023 stood at 17,75,424 units, compared to 15,31,196 units in February 2022. 

Tractor sales increased by 13.96%, from 60,536 units in February 2022 to 68,988 units last month.

Two-wheeler sales went up by 14.75% to 12,67,233 units from 11,04,309 units in February 2022.

Three-wheeler sales were up by 81.47% in February 2023. 72,994 units were sold, compared to 40,224 units in February 2022.

Passenger vehicle sales went up by 10.99% compared to the previous year. 2,87,182 units were sold last month, compared to 2,58,736 units in February 2022.

Commercial vehicle sales also increased by 17.27%. 79,027 units were sold in February 2023, compared to 67,391 units in the previous year.

February’23 continued to witness double-digit growth of 16% YoY but was still down by -8%, when compared to the pre-Covid month of February’20. The 3-wheeler segment has seen drastic growth due to the Central & State Government’s subsidies and aggressive finance schemes. The PV segment growth can be attributed to the launch of new models, continuously improving supply coupled with a healthy booking-to-cancellation ratio.

Passenger vehicle sales went up by 21.92% compared to the previous year.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales grew by 13.56% in January 2023, compared to the same month last year.

Overall sales for the month of January 2023 stood at 18,26,669 units, compared to 16,08,505 units in January 2022. 

Tractor sales increased by 7.96%, from 67,764 units in January 2022 to 73,156 units last month.

Two-wheeler sales went up by 10.07% to 12,65,069 units from 11,49,351 units in January 2022.

Three-wheeler sales were up by 58.59% in January 2023. 65,796 units were sold, compared to 41,487 units in January 2022.

Passenger vehicle sales went up by 21.92% compared to the previous year. 3,40,220 units were sold last month, compared to 2,79,050 units in January 2022.

Commercial vehicle sales also increased by 16.34%. 82,428 units were sold in January 2023, compared to 70,853 units in the previous year.

With China’s factory activity once again gaining pace, global supplies of parts and semiconductors will see a recovery thus aiding better vehicle supplies and lower waiting periods in future. This will further fuel growth for the Passenger Vehicle category. The recent announcements in Budget 2023-24 are also expected to help aid the overall growth of automobile retails.

Team-BHP's detailed analysis of the January 2023 sales figures.

Passenger vehicle sales grew by 16.35% in CY2022 compared to the previous year.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales went down by 5.4% in December 2022, compared to the same month last year.

Overall sales for the month of December 2022 stood at 16,22,317 units, compared to 17,14,942 units in December 2021. Compared to December 2019, when 18,41,183 units were sold, total vehicle retails have decreased by 11.89%.

Tractor sales increased by 5.24%, from 74,653 units in December 2021 to 78,563 units last month.

Two-wheeler sales were down by 11.19% to 11,33,138 units from 12,75,894 units in December 2021.

Three-wheeler sales were up by 41.51% in December 2022. 63,655 units were sold, compared to 44,983 units in December 2021.

Passenger vehicle sales went up by 8.15% compared to the previous year. 2,80,016 units were sold last month, compared to 2,58,921 units in December 2021.

Commercial vehicle sales also increased by 10.67%. 66,945 units were sold in December 2022, compared to 60,491 units in the previous year.

FADA has also released vehicle retail data for CY2022. According to the figures, passenger vehicle sales grew by 16.35% compared to the previous year. 2-wheeler sales went up by 13.37%, while 3-wheeler sales grew by a massive 71.47%.

Team-BHP's detailed analysis of the December 2022 sales figures.

Passenger vehicle sales went up by 21.31% compared to the previous year.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales went up by 25.71% in November 2022, compared to the same month last year.

Overall sales for the month of November 2022 stood at 23,80,465 units, compared to 18,93,647 units in November 2021. Compared to November 2019, when 23,44,783 units were sold, total vehicle retails have increased by 1.52%.

Tractor sales increased by 56.81%, from 49,737 units in November 2021 to 77,993 units last month.

Two-wheeler sales increased by 23.61% to 18,47,708 units from 14,94,797 units in November 2021.

Three-wheeler sales were up by 80.34% in November 2022. 74,473 units were sold, compared to 41,296 units in November 2021.

Passenger vehicle sales went up by 21.31% compared to the previous year. 3,00,922 units were sold last month, compared to 2,48,052 units in November 2021.

Commercial vehicle sales also increased by 32.80%. 79,369 units were sold in November 2022, compared to 59,765 units in the previous year.

When it comes to vehicle sales, the festive cheer continued into the wedding season, as all categories recorded growth. Better availability of model mixes from past months, new launches and an increase in rural demand kept the PV segment in the green. Demand for compact SUVs, SUVs and higher variants remained strong.

Team-BHP's detailed analysis of the November 2022 sales figures.

The Tata Nexon is in 2nd place, while the Punch occupies the 9th position.

The list of the top 10 best-selling cars in India in November 2022 consists of models from Maruti, Hyundai & Tata.

The top position is occupied by the Maruti Baleno. The Tata Nexon is in 2nd place, while the Punch occupies the 9th position.

The Hyundai Creta is in the 8th position. The Maruti Brezza sits in 10th place, while the 3rd, 4th, 5th, 6th & 7th spots have been secured by the Alto, Swift, WagonR, Dzire & Ertiga, respectively.

The top 10 cars sold in November 2022

1. Maruti Baleno - 20,945
2. Tata Nexon - 15,871
3. Maruti Alto - 15,663
4. Maruti Swift - 15,153
5. Maruti WagonR - 14,720
6. Maruti Dzire - 14,456
7. Maruti Ertiga - 13,818
8. Hyundai Creta - 13,321
9. Tata Punch - 12,131
10. Maruti Brezza - 11,324

The other story of this month is the fight that Mahindra is giving to the Tata.

BHPian niranjanprabhu recently shared this with other enthusiasts.

Brilliant stuff from the Indian Car Industry:

1. Great sales in October through slightly lower than in September

2. Alto tops the charts and though many would be tempted to think that this model is India's No 1, it's the Wagon R ruling the roost. There has been a fantastic upsurge in demand for this car in the last 2 years and sales have gone up by almost a quarter from 2019 and is at an ALL TIME HIGH despite this car being over 20 years in the making. BTW Alto is way off its all-time high sales and like all hatchbacks is seeing a waning demand.

For all visuals here, please note: Figures are as follows. Sales (Black), Growth over the previous year (Orange), 3-year CAGR (Red)

3. The Swift is losing appeal like all cars in the hatchback segment (see my research at the Cargraphical links provided in the reply section of this post) and so is the Baleno/Glanza which despite the refreshed new model is below the historic highs that it attained earlier.

4. Dzire is another car that is witnessing dampening demand. almost at 50% of the demand seen 5 years ago. The sedan markets are simply down and will only simmer on from here. A few new launches could show some upsurge but overall in the mid to long-term, the trends are not promising.

5. Vitara Brezza, Ertiga and Eeco are the other promising top-selling Maruti models that are doing good in terms of maintaining momentum. Hyryder and the Grand Vitara have made a good beginning in the Mid-Sized SUV markets and hopefully will give the required fillip in a segment that was almost a Korean monopoly a few months ago!

The other story of this month is the fight that Mahindra is giving to the Tatas. Both of them lack a presence in the brilliant mid-sized SUV segment ruled over by the Hyundai Creta and Kia Seltos with the German Twins and the Japanese combo of Toyota and Suzuki making a splash. They have to give this segment serious thought and with the XUV4OO and the Nexon Coupe that would be launched next year, they will be making their presence felt here albeit in the EV avatars. ICE is not dead and they need to take that bold decision of continuing to invest in the technology for some more time to come.

Their sales are at all-time highs but Mahindra is zooming pretty fast in their rearview mirror with the brilliant XUV7OO and the upcoming XUV4OO. I have categorized the Scorpio-N as a Utility SUV. Had that too gotten into the Large SUV category like the XUV7OO, the situation would look even more skewed for the Tatas

Check out BHPian comments for more insights and information.

The 42-day festive period saw cumulative sales of 28,88,131 units.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales went up by 47.62% in October 2022, compared to the same month last year.

Overall sales for the month of October 2022 stood at 20,94,378 units, compared to 14,18,726 units in October 2021. Compared to October 2019, when 19,33,484 units were sold, total vehicle retails have increased by 8.32%.

Tractor sales increased by 17.42%, from 45,445 units in October 2021 to 53,362 units last month.

Two-wheeler sales increased by 51.10% to 15,71,165 units from 10,39,845 units in October 2021.

Three-wheeler sales were up by 65.87% in October 2022. 66,763 units were sold, compared to 40,251 units in October 2021.

Passenger vehicle sales went up by 40.55% compared to the previous year. 3,28,645 units were sold last month, compared to 2,33,822 units in October 2021.

Commercial vehicle sales also increased by 25.40%. 74,443 units were sold in October 2022, compared to 59,363 units in the previous year.

The 42-day festive period saw cumulative sales of 28,88,131 units. That’s a growth of 28.81% compared to last year and 9.10% more than the 2020 festive season.

Team-BHP's detailed analysis of the October 2022 sales figures.

The top 3 positions have been occupied by Maruti cars (Alto, WagonR & Swift).

The list of the top 10 best-selling cars in India in October 2022 consists of models from Maruti, Hyundai & Tata.

The top 3 positions have been occupied by Maruti cars (Alto, WagonR & Swift). The Tata Nexon is in 5th place, while the Punch occupies the 8th position.

The Hyundai Creta is in the 7th position. The Maruti Brezza sits in 10th place, while the 4th, 6th & 9th spots have been secured by the Baleno, Dzire & Ertiga, respectively.

The top 10 cars sold in October 2022

1. Maruti Alto - 21,260
2. Maruti WagonR - 17,945
3. Maruti Swift - 17,231
4. Maruti Baleno - 17,149
5. Tata Nexon - 13,767
6. Maruti Dzire - 13,321
7. Hyundai Creta - 11,880
8. Tata Punch - 10,982
9. Maruti Ertiga - 10,494
10. Maruti Brezza - 9,941

The waiting period, though, still continues to range between 3-24 months, especially for SUVs and compact SUVs.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales went up by 11% in September 2022, compared to the same month last year.

Overall sales for the month of September 2022 stood at 14,64,001 units, compared to 13,19,647 units in September 2021. Compared to September 2019, when 15,21,893 units were sold, total vehicle retails have dropped by 3.80%.

The passenger vehicle segment continued to show growth. Better availability of semi-conductors, new launches, and feature rich products are said to have attracted customers to dealerships this festive season. The waiting period, though, still continues to range between 3-24 months, especially for SUVs and compact SUVs.

Tractor sales dropped by 1.49%, from 53,392 units in September 2021 to 52,595 units.

Two-wheeler sales increased by 9.02% to 10,15,702 units from 9,31,654 units in September 2021.

Three-wheeler sales were up by 71.94% in September 2022. 63,915 units were sold, compared to 37,172 units in September 2021.

Passenger vehicle sales went up by 9.71% compared to the previous year. 2,60,556 units were sold last month, compared to 2,37,502 units in September 2021.

Commercial vehicle sales also increased by 18.87%. 71,233 units were sold in September 2022, compared to 59,927 units in the previous year.

Team-BHP's detailed analysis of the September 2022 sales figures.

Passenger vehicle sales went up by 6.51% compared to the previous year.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales went up by 8% in August 2022, compared to the same month last year.

Overall sales for the month of August 2022 stood at 15,21,490 units, compared to 14,04,704 units in August 2021. Compared to August 2019, when 16,43,903 units were sold, total vehicle retails have dropped by 7.45%.

In spite of good monsoons, the festive season began with a dampener during Ganpati. The PV segment showed strong growth thanks to new feature-rich vehicle launches. Vehicle availability has improved but the waiting period continues to remain high.

Tractor sales dropped by 31.72%, from 72,208 units in August 2021 to 49,305 units.

Two-wheeler sales increased by 8.52% to 10,74,266 units from 9,89,969 units in August 2021.

Three-wheeler sales were up by 83.14% in August 2022. 56,313 units were sold, compared to 30,748 units in August 2021.

Passenger vehicle sales went up by 6.51% compared to the previous year. 2,74,448 units were sold last month, compared to 2,57,672 units in August 2021.

Commercial vehicle sales also increased by 24.12%. 67,158 units were sold in August 2022, compared to 54,107 units in the previous year.

Team-BHP's detailed analysis of the August 2022 sales figures.