06 Jan 2023
Combined Commercial Vehicles Sales Reported The 23.82% Hike in December 2022
THREE WHEELER (PASSENGER) segment witnessed a growth of 58.50% in the FADA Retail Sales Figures December 2022.
FADA (Federation Of Automobile Dealership Associations) generally issues periodic retail sales data for the commercial vehicle sector in India. With an overall growth of 23.82%, the total number of vehicle (3-wheeler & CV) units sold in December 2022 was 1,30,600 units. Comparatively, the selling units of these vehicles in December 2021 were 1,05,474 units. The 41.51% sales growth of the 3-Wheeler category observed sales of 63,655 CV units in December 2022 compared to 44,983 units in December 2021. In the Truck Sales Data for December 2022, a total of 66,945 units of commercial vehicles were sold in this period, as compared to 60,491 sold units of commercial vehicles in December 2021. As a result, a 10.67% sales growth of commercial vehicles in India was observed.
Segment-Wise Sales Report of 3-Wheeler
E-RICKSHAW (P)- Under the E-Rickshaw (P) segment, a sales growth of 39.18% in retail was observed in December 2022. As per the Sales Report December 2022, 28,860 units of this category was sold in December 2022 compared to 20,735 units sold in December 2021.
E-RICKSHAW WITH CART (G)- Under the E-Rickshaw with Cart (G) segment, a sales growth of 27.65% in its retail sales was highlighted in December 2022. In this period, its sold units were 1,805 in December 2022 compared to 1,414 in December 2021.
THREE WHEELER (GOODS)- Under the Three-wheeler (Goods) segment, a slight positive sales growth of 9.98% in its sales figure 2022 was witnessed in the month of December 2022. In this period, its sold units were 7,153 in December 2022 compared to 6,504 units in December 2021.
THREE WHEELER (PASSENGER)- Under the Three-wheeler (Passenger) segment, a remarkable sales growth of 58.50% in its retail sale was observed in December 2022. In this period, its sold units were 25,793 units in December 2022 compared to 16,273 units sold in December 2021.
THREE WHEELER (PERSONAL)- Under the Three-wheeler (Personal) segment, a decline of 22.81% in its retail sales was observed in December 2022. In this period, its sold units were 44 in December 2022 compared to 57 in December 2021.
Segment-Wise Sales Report of Commercial Vehicles
Almost all CV segments except MCV (Medium Commercial Vehicle) showed positive sales trends in the FADA Commercial Vehicle Sales Report December 2022. According to the FADA commercial vehicle sales statistics for December 2022, the CV sector is further divided into LCV, MCV, and HCV segments. The retail sales of these segments are given below.
LCV- Under this segment, a sales growth of 4.19% in its retail sales was experienced in December 2022. In this period, its units sold were 38,950 in December 2022 compared to 37,384 units sold in December 2021.
MCV- Under this segment, a slight shrink of 10.35% in its retail sales was faced in December 2022. In this period, its sold units were 4,018 in December 2022 compared to 4,482 units sold in December 2021.
HCV- Under this segment, a sales growth of 26.58% in retail sales was registered in December 2022. In this period, its sold units were 21,269 in December 2022 compared to 16,803 units sold in December 2021.
Others- All remaining other segments within the CV sector completed December month with 2,708 units sold in December 2022, which were 1,822 units in December 2021. In this way, this segment's recorded a sales growth of 48.63%.
Looking at the numbers, both the CV and 3-Wheeler segments are outperforming while comparing with the pre-covid period. The growing infrastructure and new opportunities demonstrate the high demand for this vehicle segment.
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