India Auto Retail Sales Hit Record High in June: FADA
India's auto retail sales surged 21.83% in June, marking the best-ever monthly performance, according to FADA.
New Delhi, July 6 (IANS) The Indian auto industry saw best June ever recorded, retailing 25,57,234 units last month which is a robust 21.83 per cent year-on-year growth and a 1.03 per cent rise over May, the Federation of Automobile Dealers Associations (FADA) data showed on Monday.
Passenger vehicle (PV) retails were the standout at 4,10,853 units, up 28.63 per cent on-year and 2.05 per cent on-month — the best June ever. On an annual basis, the Bharat-led character remains intact, with rural PV at 35.09 per cent growth versus urban at 24.67 per cent.
“PV alternative-fuel share — CNG, Hybrid and EV combined — crossed the 40 per cent mark for the first time, at 40.35 per cent, with PV EV retails of 31,823 units, an all-time high,” said FADA President CS Vigneshwar.
