FADA 42-day festive period sales data - Commercial Vehicles up by 18.11%, total sales up by 18.73% with 37.93 lakh units

FADA has released sales numbers for the 42-day festive of this year. Vehicle categories mainly 2-wheelers and 3-wheelers achieved a milestone with 20.71% and 41.39% YoY growth.

The 42-day festive season in India has ended recently and the Federation of Automobile Dealers Association (FADA) has released the retail sales numbers for the period. Starting from the first day of Navratri and ending on Dhanteras, a total of 37.93 lakh vehicles were sold with a growth of 19% compared to last year. The commercial vehicle segment also reported a growth of 8.11% during the period.

| Category | Festive 2023 | Festive 2022 | YoY change ||:-------------------:|:------------:|:------------:|:----------:|| 2-Wheelers | 28,93,107 | 23,96,665 | +20.71% || 3-Wheelers | 1,42,875 | 1,01,052 | +41.39% || Passenger Vehicles | 5,47,246 | 4,96,047 | +10.32% || Tractors | 86,572 | 86,951 | -0.44% || Total Sales | 37,93,584 | 31,95,213 | +18.73% |

The President of FADA - Manish Raj Singhania said, “During the 42-day festive period of FY2023, we reached a new milestone with vehicle sales climbing to 37.93 lakh, a 19% increase from last year's 31.95 lakh.”

Also Read- FADA Commercial Vehicle Sales Report for October 2023: a 10.26% growth at a total of 88,699 units

Commercial Vehicle Sales for 42 day Festive

| Category | Festive 2023 | Festive 2022 | YoY change ||:-------------------:|:------------:|:------------:|:----------:|| Commercial Vehicles | 1,23,784 | 1,14,498 | +8.11% |

During the 42-day festive period (15th Oct 23 to 15th Nov 23), commercial vehicles saw an 8.11% YoY growth. The commercial vehicle sales reached a total number of 1,23,784 units during this period. A total of 1,14,498 units of CVs were sold during the festive 2022.

Commercial Vehicle demand is growing rapidly in India as the government is spending a lot of money on infrastructure projects. In October 2023, a total of 88,699 units of CVs were sold marking a 10.26% growth.

Singhania also said, “Despite initial underperformance during Navratri, particularly in the passenger vehicle sector, the situation improved by Deepawali, ending with a 10% growth rate. While SUVs were the highest demanded vehicles, inventory levels for passenger vehicles remain a significant concern as OEMs continue to push further dispatch thus keeping the inventory rate at near to all-time high levels.”

The retail sales data is collected by FADA in collaboration with the Union Ministry of Road Transport & Highways. The data was collected from 1,355 RTOs out of 1,442 RTOs.