Retail sales of vehicles in India grow by 11.21% in November: FADA
Federation of Automobile Dealers Associations (FADA) has said that retail sales of vehicles across categories in India grew by 11.21 per cent at 32,08,719 units in November 2024, as compared to 28,85,317 units in the same month last year riding on two-wheeler demand. Retail sales of two-wheelers were at 26,15,953 units in November 2024, as compared to 22,58,970 units in November 2023, a growth of 15.8 per cent buoyed by the festive spillover.
On the other hand, FADA said passenger vehicle (PV) retail was down 13.72 per cent at 3,21,943 units in November 2024, as against 3,73,140 units in the year-ago month. The PV segment faced notable headwinds. In the commercial vehicles segment, it said retail sales were at 81,967 units in November 2024 as compared to 87,272 units in November 2023, down 6.08 per cent. It also said three-wheeler sales in November 2024 were at 1,08,337 units, as against 1,03,939 units in the year-ago month, up 4.23 per cent.
On the overall near-term outlook, FADA said while the near-term outlook for December is not overwhelmingly strong across segments, it leans towards stability with pockets of potential growth, underlining a sentiment that overall remains cautiously optimistic.
