Electric vehicles contribute to 8% of the total vehicle retail in May 2023.
According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle retail sales increased by 10.14% in May 2023, compared to the same month last year.
Overall sales for the month of May 2023 stood at 20,19,414 units, compared to 18,33,421 units in May 2022.
Tractor sales increased by 9.63%, from 64,528 units in May 2022 to 70,739 units last month.
Two-wheeler sales increased by 9.32% to 14,93,234 units from 13,65,924 units in May 2022.
Three-wheeler sales were up by 78.57% in May 2023. 79,433 units were sold, compared to 44,482 units in May 2022.
Passenger vehicle sales went up by 4.31% compared to the previous year. 2,98,873 units were sold last month, compared to 2,86,523 units in May 2022.
Commercial vehicle sales increased by 7.19%. 77,135 units were sold in May 2023, compared to 71,964 units in the previous year.
Electric vehicles contribute to 8% of the total vehicle retail in May 2023. Electric 2-wheelers accounted for 7% and electric 3-wheelers made up 57% of their respective total sales.
Team-BHP’s detailed analysis of the May 2023 sales figures.
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