Team Blitz India
NEW DELHI: Automobile retail sales during the 42-day festive period this year jumped 19% to hit a new milestone of 37.93 lakh units as against 31.95 lakh units in the same period last year, according to the Federation of Automobile Dealers Associations (FADA).
The 42-day festive period of 2023-24 started on 1st day of Navratri (October 15) and ended 15 days post Dhanteras (November 10). “Significant growth was observed in the two-wheeler, three-wheeler, commercial vehicles and passenger vehicles, with respective rises of 21%, 41%, 8%, and 10%,” said FADA president Manish Raj Singhania.
“However, the tractor segment experienced a slight decline of 0.5%.Record-breaking sales were reported in several categories, with rural areas particularly contributing to the surge in two-wheeler purchases,” Singhania added.
“Despite initial underperformance during Navratri, particularly in the passenger vehicle sector, the situation improved by Deepawali, ending with a 10% growth rate,” the FADA president said, adding that SUVs were the highest demanded vehicles.