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Below the Quote on autosales number by Sagar Shetty, Research Analyst, StoxBox

In September, the auto wholesale numbers exhibited a positive trend, with the CV segment being the only exception, experiencing marginal decline. PV segment recorded positive growth, largely driven by increased demand due to the festive season and inventory buildup ahead of Diwali and Navratri. The CV segment saw a slight year-on-year decline, continuing to struggle with weak demand. Despite concerns over lower rural demand during the Shradh period, the 2W segment maintained its double-digit growth trajectory. Tractors recorded positive growth despite last year’s high base, thanks to adequate rainfall in key regions and increased sowing of kharif crops. Looking ahead, the industry anticipates a positive uptick, with dealers continuing to build up inventory and expecting robust retail demand driven by the major festivities in October.

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