Automobile sales grew 19% in festive period: FADA
CHENNAI: The automobile sector logged 19 per cent retail sales volume growth during the 42-day festive period, said the Federation of Automobile Dealers Association (FADA).
The Federation of Automobile Dealers Associations (FADA) on Tuesday released Vehicle Retail Data for 42 days festive period that began on the first day of Navratri and ended 15 days post Dhanteras.
According to FADA President, Manish Raj Singhania, a new milestone was reached with vehicle sales climbing to 37.93 lakh, a 19 per cent increase from last year’s festive period 31.95 lakh.
Significant growth was observed in the two-wheeler, three-wheeler, commercial vehicles and passenger vehicles, with respective rises of 21 per cent, 41 per cent, 8 per cent, and 10 per cent. Conversely, the tractor segment experienced a slight decline of 0.5 per cent. Record-breaking sales were reported in several categories, with rural areas particularly contributing to the surge in two-wheeler purchases.
BUSINESS
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2023-11-29T08:00:00.0000000Z
2023-11-29T08:00:00.0000000Z
https://news.dtnext.in/article/282291029989476
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