Passenger vehicle retail sales jump 11% in October on festive demand: Industry body FADA

Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 percent to 2,48,036 units against the same period last year, driven by festive demand during the month

Press Trust of India November 19, 2019 14:17:21 IST
Passenger vehicle retail sales jump 11% in October on festive demand: Industry body FADA
  • Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 percent to 2,48,036 units against the same period last year, driven by festive demand during the month

  • Two-wheeler sales increased 5 percent to 13,34,941 units last month as compared with 12,70,261 units in the year-ago period

  • Total sales across categories rose 4 percent to 17,09,610 units in October, as against 16,38,832 units in the same month last year

New Delhi: Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 percent to 2,48,036 units against the same period last year, driven by festive demand during the month.

According to the Federation of Automobile Dealers Associations (FADA), passenger vehicles (PV) sales stood at 2,23,498 units in October 2018.

Two-wheeler sales increased 5 percent to 13,34,941 units last month as compared with 12,70,261 units in the year-ago period.

Passenger vehicle retail sales jump 11 in October on festive demand Industry body FADA

Representational image. Reuters

Commercial vehicle sales, however, declined 23 percent to 67,060 units as compared to 87,618 units in October last year.

Three-wheeler sales saw an increase of 4 percent to 59,573 units last month.

Total sales across categories rose 4 percent to 17,09,610 units in October, as against 16,38,832 units in the same month last year.

"October retails were in the positive, giving a much-needed respite to the auto industry - especially to our dealer community - after months of de-growth," FADA President Ashish Harsharaj Kale said.

The festival season saw very good footfalls at dealerships across most of the geographies, the consumer sentiment was positive, and purchase decisions were concluded as used to be during the growth years, he added.

Kale said two-wheeler inventory has reduced from an alarming level while PV inventory is also at reasonable levels.

"CV inventory has also reduced, although with retail continuing to be weak further wholesale regulation is required to reach FADA's 21 days recommended levels," he added.

With the auto industry heading into the unknown territory of BSVI transition, more needs to be done towards inventory reduction to avoid dealer losses, Kale noted.

Updated Date:

also read

From Nice in 2016 to Wisconsin in 2021: How ramming vehicles into crowds has become a deadly terror tactic
World

From Nice in 2016 to Wisconsin in 2021: How ramming vehicles into crowds has become a deadly terror tactic

Because it is so basic that lone ranger attack can also deal maximum damage, it allows the perpatrators to go under radar of security agencies, who usually keep vigilance on online chatter about criminal ideations and on purchase and sale of weapons and explosives

Parade crash: SUV driver has criminal track record, deliberately ran down woman with vehicle
World

Parade crash: SUV driver has criminal track record, deliberately ran down woman with vehicle

Darrell Brooks Jr has been charged with crimes 16 times since 1999 and had two outstanding cases against him at the time of the parade disaster

Mercedes-Benz and Stellantis team up with US-based Factorial Energy to develop solid-state EV batteries
News & Analysis

Mercedes-Benz and Stellantis team up with US-based Factorial Energy to develop solid-state EV batteries

Factorial Energy and Mercedes-Benz will jointly develop solid-state batteries; aim to begin testing prototype cells as early as next year.