According to data, on a yearly basis, passenger vehicles saw 159 per cent increased compare to April 2022, up from 2,252 units to 5,824 units
Chennai, NFAPost: Though the retail sales of electric two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw an increase in April compared to the same time last year, all categories saw a degrowth on a month-on-month (MoM) basis following uncertainties in the FAME subsidy.
According to data shared by the Federation of Automobile Dealers Associations (FADA), passenger vehicles saw 159 per cent increase year-on-year (YoY) from 2,252 units to 5,824 units when compared with April 2022, while on a monthly basis it came down by 32% from 8,566 units in March. On a monthly basis, Tata Motors sales came down by 38 per cent and, despite the slowdown, Mahindra and Mahindra more than doubled its sales.
For two-wheelers, on an annual basis, sales increased 25% to 66,466 units. However, the MoM numbers dipped 23% from 85,793 units in March. Except for Ola Electric, all other manufacturers, such as TVS Motor, Bajaj Auto, Okinawa Autotech, and Hero Electric saw a decline in sales during the month.
In the three-wheeler segment, sales increased 75% to 38,008 units in April, as against 21,759 units in April last year. MoM sales dipped 16% from 45,229 units in March.
Commercial vehicle sales increased 20% to 266 units in April, but slipped 24% on MoM basis.
