Home / Business and Economy / Auto Sales Surge: September Retail Soars 32%
Auto Sales Surge: September Retail Soars 32%
6 Oct
Summary
- Vehicle registrations rose 32% to 2,536,920 units in September.
- Passenger, two-wheeler, and commercial vehicle retails grew significantly.
- Commercial vehicle retails surpassed 100,000 units for the first time in September.
Vehicle registrations across India saw a substantial 32% year-on-year surge in September, totaling 2,536,920 units. This significant retail sales increase was largely attributed to enhanced consumer affordability following last year's GST reset.
Passenger vehicles, two-wheelers, and commercial vehicles all recorded strong growth figures: 33%, 32%, and 38%, respectively. Notably, commercial vehicle retails surpassed the 100,000-unit mark for the first time in September.
Dealers highlighted that while September's performance was strong, the true test for sustained growth will be October, which laps last year's festive season surge. The positive momentum in commercial vehicles was fueled by infrastructure development and fleet replacement demand.
Electric vehicle penetration continues to rise, reaching approximately 13% overall, with the two-wheeler segment seeing 12% EV share and 41% alternate powertrains in passenger vehicles. Three-wheelers recorded their best-ever September, with an impressive 64.90% EV penetration.
