<p>Auto mobile retail sales in India witnessed a 10 per cent annual growth in July driven by robust sales across passenger vehicles, two-wheelers and commercial vehicles, industry body FADA said on Monday.</p>.<p>Total retail sales across segments rose to 17,70,181 units last month, as compared to 16,09,217 units in July 2022.</p>.Alcohol to automobiles, Indians' demand for premium products rises.<p>Passenger vehicle sales saw an increase of 4 per cent to 2,84,064 units last month, as compared to 2,73,055 units in the year-ago period, the Federation of Automobile Dealers Associations (FADA) said in a statement.</p>.<p>'The month saw a surge in orders and timely OEM supplies, especially with the introduction of new products. However, severe monsoons and flood-like situations especially in North India, impacted sales,' FADA President Manish Raj Singhania said.</p>.<p>SUVs continued to remain a popular choice for buyers, he added.</p>.<p>Two-wheeler retail sales rose by 8 per cent to 12,28,139 in July, as against 11,35,566 units in the same period last year.</p>.<p>Singhania said despite challenges like heavy monsoons and a tilt towards EVs, the two-wheeler segment showed resilience with increased demand and trust in reputable brands.</p>.<p>Commercial vehicle retail sales saw a 2 per cent year-on-year jump in sales to 73,065 units, from 71,619 units in July 2022.</p>.<p>'The CV segment showed mixed dynamics. Despite robust stock availability and growth in areas like school buses, challenges from erratic weather and high vehicle costs affected demand,' Singhania said.</p>.<p>Three-wheeler sales rose 74 per cent year-on-year, while tractor sales witnessed a healthy growth of 21 per cent last month.</p>.<p>FADA, which represents over 15,000 automobile dealers, said it remains cautious in terms of business outlook going ahead.</p>.<p>'While caution remains the operative word in the short term, FADA is hopeful about retail growth prospects, especially with the festive season on the horizon,' it said.</p>.<p>The entry-level category in the two-wheeler segment continues to be a cause for concern, FADA said.</p>.<p>In the CV space, there are apprehensions regarding streamlined loan disbursements for buyers, it added.</p>.<p>Besides, inventory level in PV has breached the 50-days mark in anticipation of upcoming festival season and the slowdown in entry-level car vertical remains, FADA said.</p>.<p>'A larger concern is the IMD's projection of a below-average rainfall in August, potentially leading to lower crop yields. This could impact the purchasing power, especially in rural regions,' it added. </p>
<p>Auto mobile retail sales in India witnessed a 10 per cent annual growth in July driven by robust sales across passenger vehicles, two-wheelers and commercial vehicles, industry body FADA said on Monday.</p>.<p>Total retail sales across segments rose to 17,70,181 units last month, as compared to 16,09,217 units in July 2022.</p>.Alcohol to automobiles, Indians' demand for premium products rises.<p>Passenger vehicle sales saw an increase of 4 per cent to 2,84,064 units last month, as compared to 2,73,055 units in the year-ago period, the Federation of Automobile Dealers Associations (FADA) said in a statement.</p>.<p>'The month saw a surge in orders and timely OEM supplies, especially with the introduction of new products. However, severe monsoons and flood-like situations especially in North India, impacted sales,' FADA President Manish Raj Singhania said.</p>.<p>SUVs continued to remain a popular choice for buyers, he added.</p>.<p>Two-wheeler retail sales rose by 8 per cent to 12,28,139 in July, as against 11,35,566 units in the same period last year.</p>.<p>Singhania said despite challenges like heavy monsoons and a tilt towards EVs, the two-wheeler segment showed resilience with increased demand and trust in reputable brands.</p>.<p>Commercial vehicle retail sales saw a 2 per cent year-on-year jump in sales to 73,065 units, from 71,619 units in July 2022.</p>.<p>'The CV segment showed mixed dynamics. Despite robust stock availability and growth in areas like school buses, challenges from erratic weather and high vehicle costs affected demand,' Singhania said.</p>.<p>Three-wheeler sales rose 74 per cent year-on-year, while tractor sales witnessed a healthy growth of 21 per cent last month.</p>.<p>FADA, which represents over 15,000 automobile dealers, said it remains cautious in terms of business outlook going ahead.</p>.<p>'While caution remains the operative word in the short term, FADA is hopeful about retail growth prospects, especially with the festive season on the horizon,' it said.</p>.<p>The entry-level category in the two-wheeler segment continues to be a cause for concern, FADA said.</p>.<p>In the CV space, there are apprehensions regarding streamlined loan disbursements for buyers, it added.</p>.<p>Besides, inventory level in PV has breached the 50-days mark in anticipation of upcoming festival season and the slowdown in entry-level car vertical remains, FADA said.</p>.<p>'A larger concern is the IMD's projection of a below-average rainfall in August, potentially leading to lower crop yields. This could impact the purchasing power, especially in rural regions,' it added. </p>