Automobile retail sales up 2.95% in April: FADA

The Federation of Automotive Dealers Associations said the overall automobile retail sales in India grew a modest 2.95 % in April this year to 22,87,952 units with completion of purchases by customers around Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu helping April end on a positive note.

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Total automobile sales in India in April 2024 stood at 22,22,463 units. All categories except commercial vehicles (CV) closed in the green, with two-wheelers, three-wheelers, passenger vehicles (PV) and tractor up 2.25% , 24.5%, 1.5 %, and 7.5 %, respectively, while CVs declined 1%, FADA said.

Two-wheeler retail sales in April this year stood at 16,86,774 units as against 16,49,591 units in the same month last year, up 2.25%. PV retail last month stood at 3,49,939 units as compared to 3,44,594 units in April 2024, up 1.55%.

"With the tariff war paused, stock markets staged a sharp pullback ~ alleviating investor concerns ~- and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note," said FADA President C$ Vigneshwar