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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 passen...
Retail sales of vehicles in India grow by 11.21% in November: FADA
Retail sales of vehicles in India grow by 11.21% in November: FADA
Source: Accord Fintech
2024-12-10 11:05:47 am
Electric vehicle sales register 55.2% on-year growth in July: FADA The Federation of Automobile Dealers' Association (FADA) in its latest data has showed that electric vehicle sales registered a 55.2 per cent on-year growth at 1,79,038 units in July 2024 driven by a massive 96 per cent jump in e-two-wheeler sales. The total electric vehicles sales for July 2023 were at 1,16,221 units. FADA stated that the electric two-wheelers sales in July stood at 1,07,016 units, up 95.94 per cent, from 54,616 units sold in July last year, while the electric three-w...
Electric vehicle sales register 55.2% on-year growth in July: FADA
Electric vehicle sales register 55.2% on-year growth in July: FADA
Source: Accord Fintech
2024-08-07 01:44:20 pm
Retail sales of cars, SUVs surge 10 pc in July Retail sales of passenger vehicles in India, including cars and SUVs, posted a 10 per cent jump to 3,20,129 vehicles in July this year compared to 2,90,564 in the same month last year, driven by new model launches and higher discounts, according to the Federation of Automobile Dealers Associations (FADA).  “Dealers reported benefits from good product availability, attractive schemes, and a wider range of products,” the Federation of Automobile Dealers Associations (FADA) V...
Retail sales of cars, SUVs surge 10 pc in July
Retail sales of cars, SUVs surge 10 pc in July
Source: IANS
2024-08-06 02:08:32 pm
India`s automobile retail experiences YoY growth of 0.73% in June: FADA The Federation of Automobile Dealers Associations (FADA) in its latest data has showed that India’s automobile retail experienced a modest a year-on-year (YoY) growth of just 0.73% in June 2024 owing to the delayed monsoon in certain parts of the country. According to the data, while the two-wheeler (2W) and three-wheeler (3W) segments registered positive YoY growths of 4.66% and 5.1% respectively, other categories such as passenger vehicles (PV), tractors (Trac) and commercial vehic...
India`s automobile retail experiences YoY growth of 0.73% in June: FADA
India`s automobile retail experiences YoY growth of 0.73% in June: FADA
Source: Accord Fintech
2024-07-08 11:50:35 am
Automobile retail sales in India log double-digit growth in FY24: FADA Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India saw double-digit growth in 2023-24 driven by record offtake of passenger vehicles, three- wheelers and tractors. The retail sales across segments rose by 10 per cent to 2,45,30,334 units last fiscal as compared with 2,22,41,361 units in 2022-23. FADA said in March 2024, overall registrations saw an increase of 3 per cent year-on-year at 21,27,177 units. Passenger vehicle retails declined by ...
Automobile retail sales in India log double-digit growth in FY24: FADA
Automobile retail sales in India log double-digit growth in FY24: FADA
Source: Accord Fintech
2024-04-08 02:35:52 pm
Automobile stocks ride high amid growth in February retail sales Automobile stocks were trading higher on the BSE, as the Federation of Automobile Dealers Associations (FADA) in its latest data has showed that automobile retail sales in India rose 13 per cent year on year in February 2024 with all the segments, including passenger vehicles and two-wheelers, witnessing robust offtake. Overall retail sales stood at 20,29,541 units in February 2024 as compared to 17,94,866 units in the year-ago period. Force Motors is currently trading at Rs. 6398.95, up b...
Automobile stocks ride high amid growth in February retail sales
Automobile stocks ride high amid growth in February retail sales
Source: Accord Fintech
2024-03-07 12:34:36 pm
Automobile retail sales in India rise 13% in February: FADA The Federation of Automobile Dealers Associations (FADA) in its latest data has showed that automobile retail sales in India rose 13 per cent year on year in February 2024 with all the segments, including passenger vehicles and two-wheelers, witnessing robust offtake. Overall retail sales stood at 20,29,541 units in February 2024 as compared to 17,94,866 units in the year-ago period. FADA said passenger vehicle sales grew 12 per cent to 3,30,107 units in February 2024 as against 2,93,803 u...
Automobile retail sales in India rise 13% in February: FADA
Automobile retail sales in India rise 13% in February: FADA
Source: Accord Fintech
2024-03-07 12:18:22 pm
February outlook for automobile industry leans toward cautious optimism with growth potential: FADA The Federation of Automobile Dealers Associations (FADA) has said that the February outlook for the automobile industry leans toward cautious optimism with growth potential. It said though in January, the industry logged good growth, there are challenges and market complexities as regards the prospects for the current month.   The FADA said the anticipation of upcoming elections may make customers cautious which may affect the purchasing decisions across the vehicle segments. Tha...
February outlook for automobile industry leans toward cautious optimism with growth potential: FADA
February outlook for automobile industry leans toward cautious optimism with growth potential: FADA
Source: Accord Fintech
2024-02-14 11:49:18 am
Cautious optimism for auto retail sector in Febuary The February outlook for the automobile industry leans toward cautious optimism with growth potential, said the Federation of Automobile Dealers Associations (FADA). According to FADA, though last month the industry logged good growth, there are challenges and market complexities as regards the prospects for the current month. The FADA said the anticipation of upcoming elections may make customers cautious which may affect the purchasing decisions across the vehicle segments. That ap...
Cautious optimism for auto retail sector in Febuary
Cautious optimism for auto retail sector in Febuary
Source: IANS
2024-02-13 12:13:52 pm
Automobile retail sales in India rise by 11% in 2023: FADA The Federation of Automobile Dealers Associations (FADA) has said that aided by robust demand, automobile retail sales in India rose by 11 per cent in 2023 as compared to 2022. The overall domestic automobile retail sales stood at 2,38,67,990 units in the 2023 calendar year as compared to 2,14,92,324 units in 2022.  The industry body stated that passenger vehicle sales stood at 38,60,268 units in 2023, up 11 per cent from 34,89,953 units in 2022. Similarly, two-wheeler retails grew by...
Automobile retail sales in India rise by 11% in 2023: FADA
Automobile retail sales in India rise by 11% in 2023: FADA
Source: Accord Fintech
2024-01-09 12:38:48 pm
Total electric vehicle retail sales grow 25.5% in November: FADA The Federation of Automobile Dealers Association (FADA) has said that electric vehicle (EV) total retail sales, including passenger and commercial vehicles, grew 25.5 per cent to 1,52,606 units in November 2023. The total EV retail sales in November 2022 were recorded at 1,21,596 units. It said the e-two-wheeler sales were 18.82 per cent higher at 91,243 units during November 2023 from 76,791 units in November 2022. The e-three-wheeler volume rose 32.37 per cent to 53,766 vehicles in the r...
Total electric vehicle retail sales grow 25.5% in November: FADA
Total electric vehicle retail sales grow 25.5% in November: FADA
Source: Accord Fintech
2023-12-08 11:40:49 am
Automobile retail sales in India rise 18% in November: FADA Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India rose to a record high in November 2023, aided by the best ever monthly performance across passenger vehicle and two-wheeler segments. The overall retail sales stood at 28,54,242 units in November 2023, 18 per cent higher over 24,09,535 units in November 2022.  Passenger vehicle (PV) retail sales rose to 3,60,431 units in November 2023 as compared to 3,07,550 units in the year-ago period...
Automobile retail sales in India rise 18% in November: FADA
Automobile retail sales in India rise 18% in November: FADA
Source: Accord Fintech
2023-12-07 11:41:52 am
Festive season auto volumes; Strong season led by rural push in 2Ws: Emkay Global Financial Services As per the Federation of Automobile Dealers Associations (FADA), auto industry retail volumes grew ~19% YoY in the 2023 festive season (42-day period, beginning on the 1st day of Navratri through to 15 days post Dhanteras). This was led by ~21% higher 2W sales. The 2W sales saw the highest festive sales volume since 2019 at 28,93,107 units. This was followed by PV at 5,47,246 units and 3W at 1,42,875 units. Emkay thinks that the 2W festive performance is not an anomaly, and that growth in thi...
Festive season auto volumes; Strong season led by rural push in 2Ws: Emkay Global Financial Services
Festive season auto volumes; Strong season led by rural push in 2Ws: Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-30 12:13:16 pm
India`s vehicle sales climb 19% in festive season - dealers` body Vehicle sales in India rose 19% during a 42-day festive season, boosted mainly by strong demand for two wheelers in rural areas, an auto dealers' body said on Tuesday. Indians generally make big-ticket purchases on items like vehicles during the festive season, which kicked off in mid-October this year and ran till Nov. 25. Two-wheeler sales surged about 21% in the period to 2.9 million units, data from the Federation of Automobile Dealers Associations (FADA) showed. "Record...
India`s vehicle sales climb 19% in festive season - dealers` body
India`s vehicle sales climb 19% in festive season - dealers` body
Source: Reuters
2023-11-28 12:34:21 pm
Retail sales of automobiles decline 7.73% in October 2023: FADA The Federation of Automobile Dealers Associations (FADA) has said that retail sales of automobiles in the domestic market saw a 7.73 per cent year-on-year decline in October 2023 at 21,17,596 units, mainly due to dip in two-wheeler uptake with the inauspicious period of Shraddh affecting new purchases. Retail sales of automobiles in the domestic market stood at 22,95,099 units in October 2022. According to the data, two-wheeler retail sales were at 15,07,756 units in October 2023, as again...
Retail sales of automobiles decline 7.73% in October 2023: FADA
Retail sales of automobiles decline 7.73% in October 2023: FADA
Source: Accord Fintech
2023-11-07 11:36:33 am
Weak October car sales threaten inventory pile-up, warns Indian dealers` body  India's retail vehicle sales fell 7.7% from a year earlier in October, a dealers' body said on Monday, adding that a build-up of inventory of passenger vehicles (PV) was a cause for concern. The average inventory for the PV segment ranged from 63 days to 66 days in October, an all-time high, the Federation of Automobile Dealers Association (FADA) said. Inventory days refers to the average number of days it takes to sell a unit. Unless the stock is liquidated during the Diw...
Weak October car sales threaten inventory pile-up, warns Indian dealers` body
Weak October car sales threaten inventory pile-up, warns Indian dealers` body
Source: Reuters
2023-11-06 02:21:25 pm
Indian auto dealers` body forecasts strong festive season after September sales jump India's retail vehicle sales rose 20% in September, a dealers' body said on Monday as it forecast a strong festive season, with easing monsoon worries and higher rural demand helping sentiment.With a 42-day festive season just around the corner, the Federation of Automobile Dealers Association (FADA) also said it shifted its stance from 'cautiously optimistic' to 'optimistic'.India's festive season usually sees strong retail purchases, which FADA hopes will ease inventory buildup.It added tha...
Indian auto dealers` body forecasts strong festive season after September sales jump
Indian auto dealers` body forecasts strong festive season after September sales jump
Source: Reuters
2023-10-09 12:07:14 pm
FADA concludes 5th Auto Retail Conclave - `Collaborate-Innovate-Accelerate` The Federation of Automobile Dealers Associations (FADA) hosted the fifth edition of the Auto Retail Conclave, focusing on the theme "Collaborate-Innovate-Accelerate? immediately after the 59th AGM.  The conclave witnessed the presence of prominent figures automobile industry, alongside participation from over 500 dealer members representing various regions of the country. The Conclave was inaugurated by Shri Nitin Gadkari, the honorable ...
FADA concludes 5th Auto Retail Conclave - `Collaborate-Innovate-Accelerate`
FADA concludes 5th Auto Retail Conclave - `Collaborate-Innovate-Accelerate`
Source: PR Agency
2023-09-17 11:37:52am
FADA calls for reduction in GST rates to 18% for entry-level two-wheelers The Federation of Automobile Dealers Associations (FADA) asked for the reduction in Goods and Services Tax (GST) rates from 28 per cent to 18 per cent for entry-level two-wheelers that is the 100cc and 125cc segment, and said the segment has not recovered from the impact of COVID-19 pandemic. FADA President Manish Raj Singhania said in the ongoing fiscal so far, while the retail sales of total vehicles have grown by around 7 per cent, the entry-level two-wheeler segment is yet to witness...
FADA calls for reduction in GST rates to 18% for entry-level two-wheelers
FADA calls for reduction in GST rates to 18% for entry-level two-wheelers
Source: Accord Fintech
2023-09-15 11:37:55am