For the fiscal year ended 2021-22, the total auto industry retail sales grew by 7.21 per cent to 1,63,75,799 units, as compared to 1,52,74,314 units in the 2020-21 fiscal. FADA anticipates the auto industry to come out of the woods and reach pre-pandemic highs by FY2024, Gulati said. Two-wheeler retail sales stood at 1,19,73,415 units last fiscal, up 3.81 per cent as compared to 1,15,33,928 units in 2020-21. Commercial vehicle sales were however up 14.91 per cent to 77,938 units, as compared to 67,828 units in March last year. Three-wheeler sales were also up 26.61 per cent to 48,284 units last month, as compared to 38,135 units in March 2021.

Source: Indian Express April 05, 2022 18:49 UTC