Industry News

Auto retail in full throttle: 2023 records impressive 11% YoY surge

The vehicle retail data for Dec’23 and CY’23 released by the Federation of Automobile Dealers Associations (FADA) indicates that December 2023 witnessed a 21% YoY growth in auto retail. All categories reported positive growth: 2W by 28%, 3W by 36%, PV by 3%, Tractors (Trac) by 0.2%, and Commercial Vehicles (CV) by 1.3%. CY’23 Auto […]

vehicle sales

Auto retail sales show 10% YoY growth in June’23, with all-time highs in multiple segments

The Federation of Automobile Dealers Associations (FADA) has released the vehicle retail data for June’23, revealing positive trends in the auto retail industry. Auto retail sales in June demonstrated a 10% year-on-year (YoY) growth, showcasing positive performances across all vehicle categories, including 2W, 3W, PV, Tractor, and CV. The respective growth rates for these categories […]

Vehicle News

“FY24 will be a year of consolidation for auto retail, overall single-digit growth expected” – FADA President

In March 2023, total vehicle retail experienced a 14% year-on-year increase while FY 2023 was the first full year without any impact of the pandemic The Federation of Automobile Dealers Associations (FADA) released vehicle retail data for March 2023 and FY 2023 in April. Commenting on how March 2023 performed, FADA President Manish Raj Singhania […]