This festive season, significant growth was observed in the two-wheeler, three-wheeler, commercial vehicles and passenger vehicles, witnessing an increase of 21 percent, 41 percent, 8 percent, and 10 percent, respectively, according to FADA. On the other hand, the tractor segment saw a sales decline of 0.5 percent.
FADA vehicle retail data for 42 days festive period
Manish Raj Singhania, FADA President said, “Record-breaking sales were reported in several categories, with rural areas particularly contributing to the surge in two-wheeler purchases. Despite initial underperformance during Navratri, particularly in the passenger vehicle sector, the situation improved by Deepawali, ending with a 10% growth rate. While SUVs were the highest-demanded vehicles, inventory levels for passenger vehicles remain a significant concern as OEMs continue to push further dispatch thus keeping the inventory rate at near to all-time high levels.”
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Further, he added, “Tractors, which saw an 8.3% decrease in sales during Navratri, made a remarkable recovery, ending the festive period with only a 0.5% decrease. This turnaround highlights the robust purchasing power in rural India.”
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