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

Two-wheeler sales increased 5 % to 13,34,941 units last month as compared with 12,70,261 units in the year-ago period.
Commercial vehicle sales declined 23 % to 67,060 units as compared to 87,618 units in October last year.
Commercial vehicle sales declined 23 % to 67,060 units as compared to 87,618 units in October last year.

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

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

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

Also check these Vehicles

Find more Cars
Mahindra Ekuv100 (HT Auto photo)
UPCOMING
BatteryCapacity Icon40 kWh Range Icon150 Km
₹ 8.25 - 10 Lakhs
View Details
Porsche 911 Gt3 (HT Auto photo)
Engine Icon3996.0 cc FuelType IconPetrol
₹ 2.50 Cr
Compare
View Offers
Mahindra S204 (HT Auto photo)
UPCOMING
₹ 12 Lakhs
View Details
Lexus Nx (HT Auto photo)
Engine Icon2494.0 cc FuelType IconMultiple
₹ 64.90 - 71.60 Lakhs
Compare
View Offers
Rolls-royce New Ghost (HT Auto photo)
UPCOMING
Engine Icon6750 cc FuelType IconPetrol
₹ 6.95 - 7.95 Cr
View Details
Mercedes-benz Amg E53 Cabriolet (HT Auto photo)
Engine Icon2999.0 cc FuelType IconPetrol
₹ 1.30 Cr
Compare

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

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

Total sales across categories rose 4 % 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.

First Published Date: 19 Nov 2019, 16:02 PM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.