Vehicle Retail Sales Surge 11.76% YoY In 42 Days of Festive Period: FADA

Sales in Festive Season: Vehicle sales in the festive period witnessed a surge in demand and registered growth across major segments. The passenger vehicle segment. the two-wheeler and three-wheeler segment and the commercial vehicle segment registered a surge in demand whereas the tractor segment recorded a decline. According to the data released by the Federation of the Automotive Dealers Association, (FADA), the total vehicle retail sales across segments in the period of 42 days were recorded at 42,88,248 units and witnessed a surge of 11.76 per cent on a year-on-year basis. The 42-day festive period is from 1st day of Navratri to 15 days post-Dhanteras.“I am delighted to announce that the automobile retail sector has achieved a new milestone, surpassing last year's festive records. We witnessed a remarkable surge in numbers since the beginning of Navratri, nearly hitting our forecasted target with 42.88 lakh vehicles registered during this period—a growth of 11.76% over last year's 38.37 lakh units,” said, Mr C S Vigneshwar, FADA President. Let us look at the retail sales of vehicles across different segments in the festive period:Passenger Vehicle Segment:The passenger vehicle segment recorded total retail sales of 6,03,009 units in 42 days of the festive period. The segment registered a surge of 7.10 per cent on a year-on-year basis. There was a growth of 39,950 units as compared to the festive period of 2023.Commercial Vehicle Segment:The commercial vehicle segment recorded total retail sales of 1,28,738 units in 42 days of the festive period. The segment saw a growth of 1.02 per cent on a year-on-year basis. There was a growth of 1,302 units as compared to the festive period of 2023.Also Read: Maruti Suzuki Ertiga to Hyundai Creta: Top 5 cars with highest sales in October 2024Two-wheeler Segment:The two-wheeler segment registered total retail sales of 33,11,325 units in 42 days of the festive period. The two-wheeler segment saw a growth of 13.79 per cent on a year-on-year basis. There was a growth of 4,01,184 units as compared to the festive period of 2023.Three-wheeler Segment:The three-wheeler segment saw total retail sales of 1,59,960 units in 42 days of the festive period. The three-wheeler segment registered a growth of 6.81 per cent on a year-on-year basis. There was a growth of 10,196 units as compared to the festive period of 2023.Tractor Segment:The tractor segment registered total retail sales of 85,216 units in 42 days of the festive period. The tractor segment saw a decline of 1.64 per cent on a year-on-year basis. There was a decline of 1,424 units as compared to the festive period of 2023.

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Vehicle Retail Sales Surge 11.76% YoY In 42 Days of Festive Period: FADA

According to FADA, the vehicle retail sales across segments in 42 days of the festive period were 42,88,248 units in October, and saw growth of 11.76 per cent.

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