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HomeNationalVehicle sales down 39% in first five months of fiscal year

Vehicle sales down 39% in first five months of fiscal year

With 36% improvement sales in November stood at 18,391 units against 13,502 units in November

Despite a 36 percent improvement in sales of cars, jeeps and pickup vehicles on a monthly basis in November total sales have declined by 39 percent on a year-on-year basis in the first five months of the current financial year.

Vehicle sales in October stood at 13,502 units as against 18,391 units in November while vehicle sales in the first five months of 2022-23 were limited to 66,458 units compared with 108,635 units in the same period last year.

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Sales of Honda Atlas Limited declined by 7,925 units in the first five months of 2022-23 from 13,215 units in the previous financial year while Suzuki Swift sales increased from 495 units to 5,712 units. Similarly, Honda BR-V and HR-V sales stood at 1,099 units as against 1,625 units in the same period last fiscal.

Sales of Toyota Corolla and Yaris also declined to 10,186 units from 23,975 units in the financial year 2021-22.

Sales of Suzuki Cultus and Wagon-R increased from 2,899 units to 4,088 units in the first five months of the current financial year from 8,768 units in the same period last year. Similarly, Suzuki Bolan’s sales declined to 1,973 units from 5,201 units the last year while Alto 660 CC sales also declined to 20,719 units from 23,193 units the last year.

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Sales of Jeep and Pickup vehicles were limited to 11,314 units in the first five months of the financial year 2022-23 as compared to 18,332 units in the same period of the last year.

Amid disappointing car sales, the Hyundai Tucson assembler surprisingly beat its competitors by selling 1,877 units in the first five months of the current financial year compared to 1,091 units in the same period last year.

In the first five months of the financial year 2022-23, the total sales of two and three-wheeler riders declined from 795,943 to 523,354 units with Honda’s share at 437,708 units as compared to 563,575 units in the first five months of the last financial year.

Due to slow progress in the agriculture sector and flooding tractor sales (Fiat and Massey Ferguson) saw a significant decline which had decreased from 22,003 units in the five months of the last financial year to 10,498 units in the current financial year. Truck sales were limited from 2,503 units to 1,405 units while Bus sales increased from 224 to 256 units.

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