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AUTO SALES IN OCTOBER UP 32% AMID FESTIVITIES
The Sunday Guardian
|November 10, 2024
India's overall auto sales witnessed a strong 32 per cent year-on-year (YoY) growth in October, with the two-wheeler segment leading the surge, according to a report by the Federation of Automobile Dealers Associations (FADA) released on Wednesday.
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The report noted that the all major vehicle categories showed positive growth, highlighting a vibrant festive season and robust rural demand as key drivers.
It said "October 2024 retail sales witnessed a significant growth of 32 per cent YoY and 64 per cent MoM".
It highlighted that the Two-wheeler (2W) sales experienced an impressive 36 per cent YoY growth, benefiting from the convergence of major festivals like Navratri and Diwali, which significantly boosted consumer demand.
FADA noted that the surge in two-wheeler sales was further propelled by attractive festive offers, new model launches, and improved stock availability.
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