NEW DELHI: Retail sales of vehicles across categories in India grew 11.2% at 32,08,719 units in Nov, as compared to 28,85,317 units in same month last year, riding on two-wheeler demand, Federation of Automobile Dealers Associations (FADA) said in Monday.
Retail sales of two-wheelers were at 26,15,953 units last month compared to 22,58,970 units in Nov 2023, a growth of 15.8% buoyed by the festive spillover. On the other hand, passenger vehicle (PV) retail was down 13.7% at 3,21,943 units, as against 3,73,140 units in the year-ago month. The PV segment faced notable headwinds, FADA said.
“While Nov was initially expected to build on prior momentum, particularly due to marriage season, dealer feedback suggests this segment underperformed expectations,” FADA president C S Vigneshwar said. “Although rural markets offered some support, in the two-wheeler category, marriage-related sales remained subdued.”
On PV retail, he said, “dealers cited weak sentiment, limited product variety and insufficient new launches for weak performance.”