2024年1月印度车辆零售数据（英）-9页_2mb

FADA January 2024 Vehicle Retail Data Summary

The Federation of Automobile Dealers Associations (FADA) released January 2024 vehicle retail data, showing strong year-over-year growth. Overall auto retail in India expanded by 15% compared to January 2023.

Key statistics:

• 2-Wheelers (2W): 15% YoY growth, driven by improved availability, new models, and rural demand.
• Three-Wheelers (3W): 37% YoY growth, attributed to factors like the prospect of a good Rabi crop.
• Passenger Vehicles (PV): 13% YoY growth, with record sales of 393,250 units, but high inventory levels (50-55 days) pose challenges.
• Tractors (Trac): 21% YoY growth, rebounding due to favorable weather and crop expectations.
• Commercial Vehicles (CV): Modest 0.1% YoY growth, with cautious optimism from the post-election period.

FADA President Manish Raj Singhania highlighted a promising start to the year, noting positive trends in consumer preferences and demand drivers such as harvests and marriage season. Inventory surveys indicate neutral liquidity for most segments.

Additional data includes detailed OEM market shares and sub-category breakdowns for various vehicle types. FADA, representing over 15,000 dealerships, emphasizes policy advocacy for sustained industry growth.