FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS804-805-806,SuryaKiran,19,KGMargNewDelhi-110001(INDIA)T+911166304852,23320095,41531495Efada@fada.inCINU74140DL2004PNL130324FORIMMEDIATERELEASEFADAReleasesMarch’24&FY’24VehicleRetailDataBriefAnalysisforMar’24§ModestGrowthinAutoSector:TheIndianAutoRetailsectorwitnessedagrowthof3.14%YoY,withsignificantgrowthof5%and17%inthe2Wand3Wsegments.§SurgeinElectricVehicleSales:TheexpirationoftheFAME2subsidyonMarch31stledtoanotableincreaseinelectricvehiclesales,withthe2W-EVmarketsharejumpingto9.12%forthefirsttime.§ResilienceintheFaceofChallenges:Despiteeconomicconcerns,electionuncertaintiesandintensecompetition,the2Wsegmentshowcasedstrategicevolution,especiallyinthepremiumandelectricvehicles.§PositiveSentimentinThree-WheelerSegment:The3Wsegmentdemonstratedgrowthdrivenbytheincreasingacceptanceofelectricvehicles,showinganoptimistictrenddespitepotentialchallengesfromelectionuncertaintiesandpolicychanges.§ChallengesinthePVSector:ThePVsegmentfacedadownturnwitha2%MoManda6%YoYsalesdecline,attributedtoheavydiscountingandselectivefinancing.§MixedLandscapeforCVs:TheCVsegmentwhichfellby6%YoYnavigatedthroughacomplexenvironment,balancingelection-inducedpurchaseslowdownswithstrongdemandinspecificsectorslikecoalandcementtransportation.§UrbanChallengesandSectorResilience:Amiddecliningurban...
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