Summary:

According to FADA, retail vehicle sales in India increased by 11.21% in November to 32,08,719 units, driven by high two-wheeler demand. Two-wheeler sales rose by 15.8% to 26,15,953 units, boosted by seasonal demand. However, passenger vehicle sales fell by 13.72% to 3,21,943 units, due to weak market sentiment and fewer new releases. Commercial vehicle sales decreased by 6.08%, while three-wheeler sales increased by 4.23% to 1,08,337 units.

FADA President, Mr. Chittur Selvakumar Vigneshwar, cited low marriage-related sales and the late occurrence of Deepawali as factors influencing November's results. Rural demand supported twowheelers, but PV inventory remained high at 65-68 days, prompting FADA to advise OEMs to reduce inventories. December's outlook is stable, with potential for growth, but weak consumer sentiment and delayed purchases remain challenges. Year-end discounts and a favorable macroeconomic environment boost confidence.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.