The Federation of Automobile Dealers Associations (FADA) has recently unveiled the Vehicle Retail Data for the 42-day festive period

Impressive Sales Figures

In a statement, FADA President Mr. Manish Raj Singhania expressed enthusiasm about the remarkable growth observed in vehicle sales. The figures for the festive period of FY2023 showcased a substantial increase, reaching 37.93 lakh units, marking a significant 19% surge from the previous year’s 31.95 lakh.

Segment-Wise Growth

Breaking down the numbers, the two-wheeler segment emerged as a standout performer with a remarkable 21% growth. Three-wheelers followed closely with an impressive 41% increase, while commercial vehicles and passenger vehicles also experienced healthy rises at 8% and 10%, respectively. However, the tractor segment reported a slight decline of 0.5%, which, given the overall positive trend, remains a marginal setback.

Regional Impact

Rural areas played a pivotal role in driving the surge in two-wheeler purchases, contributing to record-breaking sales in various categories. Despite initial challenges during Navratri, particularly in the passenger vehicle sector, the market rebounded, closing the festive period with a commendable 10% growth rate.

SUV Dominance and Inventory Concerns

SUVs emerged as the most demanded vehicles during this period. However, the passenger vehicle sector faced challenges due to inventory concerns. Original Equipment Manufacturers (OEMs) continued pushing dispatches, maintaining inventory levels at near all-time highs.

Tractor Segment Resilience

Noteworthy is the resilience of the tractor segment. Despite an 8.3% decrease in sales during Navratri, tractors witnessed a remarkable recovery, ending the festive period with only a 0.5% decrease. This resurgence underscores the robust purchasing power prevalent in rural India.

In-Depth Vehicle Retail Data

For those seeking a deeper understanding, the chart below provides a comprehensive breakdown of the Vehicle Retail Data for the 42-day festive period:

CATEGORY | Festive’23 | Festive’22 | YoY %

2W | 28,93,107 | 23,96,665 | 20.71%
3W | 1,42,875 | 1,01,052 | 41.39%
CV | 1,23,784 | 1,14,498 | 8.11%
PV | 5,47,246 | 4,96,047 | 10.32%
TRAC | 86,572 | 86,951 | -0.44%
Total | 37,93,584 | 31,95,213 | 18.73%

Source: FADA Research

In conclusion, FADA’s 42 Days Festive Period Vehicle Retail Data reveals a vibrant and dynamic automotive market, with notable growth in various segments. The resilience of the industry, particularly in the face of challenges, underscores the adaptability and strength of the Indian automotive sector.