Passenger vehicle faces high-base effects, limited new-model launches and tight financing, offset in part by festival planning and fresh incentive schemes, said FADA. PV retail sales fell 1.49% month-on-month to 297,722 units last month.
However, total retail auto sales grew by nearly 5% year-on-year in June. Segment-wise, every category closed in the green: 2W at 4.73%, 3W 6.68%, PV 2.45%, Trac 8.68%, CE 54.95% and CV 6.6 %.
“PV retails slipped 1.49% MoM yet delivered a 2.45% YoY uplift. Heavy rains and tight market liquidity weighed on footfall and conversion, even as elevated incentive schemes and fresh bookings lent selective support,” said FADA President C S Vigneshwar.
On 2W sales, he said that while festival and marriage-season demand provided a boost, financing constraints and intermittent variant shortages moderated sales. Early monsoon rains and rising EV penetration also shaped buying patterns. FADA also pins hope on the monsoon and government capex to support auto sales.
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