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Bajaj Etec RE 9.0
05 Jun 2023

FADA Combined Commercial Vehicles Sales Hiked By 34.45% In May 2023

By News Date 05 Jun 2023

FADA Combined Commercial Vehicles Sales Hiked By 34.45% In May 2023

Combined Commercial Vehicles Sales Report May 2023

Three wheelers (Passenger) segment observed a sales growth of 106.19% in the latest FADA Retail Sales Figures May 2023 

For the Indian commercial vehicle market, the FADA (Federation Of Automobile Dealership Associations) typically releases monthly retail sales data. The recent FADA report for May 2023 reveals an overall sales growth of 34.45%. The vehicle, including CV & 3-wheeler units sold in May 2023, was 1,56,568. 

Comparatively, the selling units of these segments in May 2022 were 1,16,446. The positive sales trend of 78.57% in the 3-Wheeler category highlighted sales of 79,433 units in May 2023. You can compare it with 44,482 selling units in May 2022. 

In the Truck Sales Data for May 2023, 77,135 CV units were sold, compared to 71,964 units sold in May 2022. As a result, a 7.19% sales hike in the CV segment in India was experienced.  

Segment-Wise FADA Sales Report - Three Wheeler

E-RICKSHAW (P) - Under the E Rickshaw segment, a positive sales growth of 74.65% in retail was seen in May 2023. The Sales Report May 2023 witnessed 36,755 units sold compared to 21,045 units sold in May 2022. 

E-RICKSHAW WITH CART (G) - Under this segment, a sales growth of 75.79% in its retail sales was observed in May 2023. This month saw 3,210 sold units in May 2023 compared to 1,826 in May 2022. 

THREE WHEELER (GOODS) - Under 3 wheeler segment, a slight positive sales growth of 26.82% in its May 2023 sales figure 2023 was noted. Its sold units were 8,104 in May 2023 compared to 6,390 units in May 2022. 

THREE WHEELER (PASSENGER) - Under this segment, a significant retail sales growth of 106.19% was observed in May 2023. This month saw sold units 31,297 compared to 15,179 units sold in May 2022. 

THREE WHEELER (PERSONAL) - Under this segment, a sales decline of 59.52% in its retail sales was seen in May 2023. In this period, its sold units were 67 compared to 42 in May 2022. 

Combined Commercial Vehicle Retail Sales

Segment-Wise FADA Sales Report - Commercial Vehicles (CV)

All CV categories except LCV (Light Commercial Vehicle) showed sales growth in the FADA Commercial Vehicle Sales Report May 2023. The FADA commercial vehicle sales statistics divide the CV sector into LCV, MCV, and HCV segments. The FADA CV retail sales are explained below. 

LCV - Under this segment, a slight sales decline of 2.44% in its retail sales was experienced in May 2023. In this period, its units sold were 41,149 compared to 42,176 units sold in May 2022.

MCV - Under this segment, a sales growth of 26.82% in its retail sales was witnessed in May 2023. This period saw the selling of 6,047 units compared to 4,768 units sold in May 2022.

HCV - Under the HCV segment, a slight sales growth of 15.14% in retail sales was registered in May 2023. In this period, its sold units were 26,399 in May 2023 compared to 22,927 units sold in May 2022.

Others - All other remaining segments under the CV category ended May month 2023 with sales of 3,540 units. It witnessed sales of 2,093 units in May 2022. This segment recorded a sales growth of 69.14%.

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