Two-wheelers led the pack for auto gross sales in the course of the pageant interval with the sector seeing 21 per cent greater gross sales this yr. The sector recorded the very best pageant gross sales volumes since 2019 at 2.89 million items. The expansion was adopted by passenger automobiles (PV) at 5.47 million items and three-wheelers at 1.42 million items.
The Federation of Vehicle Sellers Associations (FADA) information confirmed a 19 per cent progress in auto gross sales in the course of the 42-day pageant interval in 2023.
Emkay, in a latest report, stated that two-wheeler restoration continues to broaden with sturdy rural help. Hero MotoCorp reported the all-time festive interval with a 19 per cent progress in retail volumes, backed by bettering rural demand. ICRA additionally echoed the identical sentiment. “There was sturdy progress in two-wheeler retails, aided by festive cheer and marriage season.”
(Observe:Knowledge is of the festive interval of revered yr; Supply: Emkay)
