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Auto sales rise 9% in 2024 despite headwinds, says Fada
Hindustan Times Haryana
|January 08, 2025
India's automobile registrations accelerated by 9.1% in 2024 despite headwinds in the form of extreme weather, uneven monsoons and state elections, the Federation of Automobile Dealers Associations (Fada) said.
NEW DELHI: The annual growth in automobile sales was fuelled by strong performances in the two-wheeler, three-wheeler, passenger vehicle (PV), and tractor segments. Commercial vehicles (CV), however, stalled.
Automakers sold more than 26.1 million units in calendar year 2024, compared with 23.9 million units in 2023.
December, however, proved to be a disappointment, with overall retail sales declining 12.4% year-on-year to more than 1.7 million units as post-festive inventory build-up, delayed harvest payments, and weak consumer sentiment weighed on demand across segments, Fada said.
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