The Federation of Automobile Dealers Association (FADA) has released a report indicating that vehicle sales in May 2024 have increased on a year-on-year basis. How did sales fare every month? According to the report issued by FADA, let's find out how many vehicles were sold nationwide in each segment.
The demand in the auto sector in the Indian market is continuously increasing, but last month there was a decline in sales. May 2024 performed better on a year-on-year basis, but there was a slight decline in sales every month. According to the report issued by FADA, we are providing you with information on how many vehicles were sold nationwide in each segment in this news.
How much were the sales?
According to the report released by FADA, a total of 2,089,603 vehicle units were sold during May 2024. This includes two-wheelers, three-wheelers, private vehicles, commercial vehicles, and tractors. According to FADA's report, the highest sales were recorded in the two-wheeler segment, followed by the private vehicle segment.
How many sales are in each segment?
According to the report by the Federation of Automobile Dealers Association (FADA), a total of 1,534,856 units of two-wheelers were sold nationwide. This was followed by the sale of 303,358 units of private vehicles. In the three-wheeler segment, 98,265 units were sold during May 2024. Last month, 83,059 units of commercial vehicles were sold. In the tractor segment, 70,065 units were sold last month.
According to FADA's report, the highest year-on-year growth was recorded in the three-wheeler segment, with an increase of 20.09%. This was followed by the commercial vehicle segment, which saw a growth of 4.07%. The two-wheeler segment experienced year-on-year growth of 2.48%, but there was a 6.61% decline on a monthly basis. The private vehicle segment saw a year-on-year decrease of 0.96% and a monthly decrease of 9.48%. Lastly, the tractor segment recorded a year-on-year decline of 1.06%, but saw a monthly increase of 23.74%.
How many sales in May 2023?
In May last year, a total of 2,036,528 vehicle units were sold nationwide. On a year-on-year basis, total sales this May saw a 2.61% increase. Last year, 1,497,778 units were sold in the two-wheeler segment. In the passenger vehicle segment, 306,305 units were sold, 81,825 units were sold in the three-wheeler segment, 79,807 units in the commercial vehicle segment, and 70,813 units in the tractor segment.
Source: https://www.jagran.com/automobile/latest-news-vehicle-sales-how-was-the-sale-of-vehicles-in-may-2024-fada-released-the-report-passenger-vehicle-two-wheeler-segment-three-wheeler-segment-commercial-vehicle-23735837.html
By Gaurav
