Total Vehicle Retail Sales In Oct Sees 32% Rise: FADA
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Mumbai: The total vehicle retail sales in India witnessed a 32 per cent on-year rise in October to 28,32,944 units with all segments including two-wheelers and passenger vehicles registering strong growth, Federation of Automobile Dealers’ Association (FADA) said on Wednesday.
The total vehicle retail sales in October 2023 stood at 21,43,929 units, as per FADA. The strong growth in October this year was largely driven by the rural market, especially boosting two-wheeler and passenger vehicles sales, supported by increased Minimum Support Price (MSP) for Rabi crops, FADA said. Passenger vehicle sales grew 32.38 per cent to 4,83,159 units, from 3,64,991 units retailed in October 2023, it stated.
Two-wheeler sales for the previous month were recorded at 20,65,095 units, as compared to 15,14,634 units in October 2023, registering a growth of 36.35 per cent, while three-wheeler sales were up 11.45 per cent year-on-year to 1,22,846 in in October 2024, it said. Tractor sales, according to FADA, increased 3.08 per cent during October to 64,433 units, from 62,542 units a year ago.
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