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Auto retail sales jump 32% in September to record 25.37 lakh units: FADA

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Auto retail sales jump 32% in September to record 25.37 lakh units: FADA

Auto retail sales jump 32% in September to record 25.37 lakh units: FADA

Record September auto sales and strong H1 growth signal robust demand, but FADA cautions that affordability pressures and high PV inventory remain risks .

Passenger vehicle retail increased 32.10 per cent to a record 4,27,213 units, while commercial vehicle sales crossed the one-lakh mark in September for the first time, rising 37.62 per cent to 1,03,557 units.

India’s automobile retail market recorded its best-ever September, with registrations rising 31.82 per cent year-on-year to 25,36,920 units, according to the Federation of Automobile Dealers Associations ( FADA ). Retail sales also rose 4.69 per cent month-on-month, while cumulative April-September retail reached a record 1,55,12,319 units, up 20.77 per cent year-on-year. However, FADA cautioned against reading too much into September’s headline growth, as purchases were deferred around the GST 2.0 implementation in September last year. Advt

3 per cent above the September 2018 peak. 62 per cent to 1,03,557 units. 25 per cent to 1,32,570 units, also a record September, while wheeled construction equipment rose 38 per cent to 6,486 units. 75 per cent higher year-on-year.



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