Vehicle sales up 8% in Aug, two-wheelers cause for concern: FADA

Tractor sales decline 32% despite good monsoons; three-wheelers do modestly compared to 2019

India’s retail vehicle sales across categories were up 8.31 per cent year-on-year in August, said the Federation of Automobile Dealers Association (FADA) on Thursday as it flagged business "not being encouraging" at the start of festivals.

Two-wheeler sales were up 8.5 per cent and three-wheeler by 8.3 per cent in August. Passenger and commercial vehicle sales increased 6.5 per cent and 24 per cent. Tractor sales declined 32 per cent.

“Auto Retail for the month of August 2022 saw an overall growth of 8 per cent. August opens the door for festival season to kick in. While Dealers anticipated good