New Delhi: After a tough couple of months, retail sales improved by 6.5 per cent in September to 1,732,617 units, up from 1,627,138 units in the same month last year.
The retail sales witnessed growth on the back of low-base despite the wholesales declining for the 11th consecutive month.
According to dealers, retails sales have seen some greenshoots with the onset of the festive period this year. “While the retail numbers are still down year-on-year, the number of enquiries and walk-ins have increased in Navratra period which is a positive sign,” Garima Misra, MD, Group Landmark told ETAuto recently.
Source: VAHAN dashboard and SIAM analysisPassenger vehicles witnessed an increase of 8 per cent to 253,012 units in September 2019 as against 234,304 units in the month under review last year.
“The festive season, measures announced by the government and high discounts have enabled sales growth, and helped in improving buyer sentiment in general,” said Rajan Wadhera, president, SIAM.
While two-wheelers and three-wheelers grew 6.5 per cent and 22.5 per cent to 1,339,797 units and 67,115 units, respectively.
Commercial vehicles remained the only segment to witness retail decline. The sales for commercial vehicles declined 9.5 per cent to 72,693 units as against 80,017 units last month.
However, automakers continue to cut production to reduce the inventory accumulated in their channels.