Car sales jump 32% in Oct; 2-wheelers see 36% growth: FADA
The passenger vehicle segment’s growth was driven by the festivals coinciding in October, boosting consumer purchasing.
The passenger vehicle segment’s growth was driven by the festivals coinciding in October, boosting consumer purchasing.
FADA says dealers have historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore.
Inventory has reached alarming levels with stock stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at ₹77,800 crore.
This poses a substantial risk for dealer sustainability, warns FADA.
PV sales fell 7.8% and overall auto retails dipped 9.29% on a month-on-month basis in June; dealer feedback across segments remains cautious
Due to the extreme heat which broke records, the number of walk-ins to showrooms dropped by around 18%.
The two-wheeler segment saw notable growth due to improved supply and the increasing demand for 125cc models, says FADA.
Two-wheeler EV sales surged due to the expiration of the FAME 2 subsidy on March 31.
Passenger cars marked the highest February sales figures ever, driven by new product introductions and enhanced vehicle availability, says FADA
SUVs in particular saw strong demand, with extended waiting periods for key models.