FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS804-805-806,SuryaKiran,19,KGMargNewDelhi-110001(INDIA)T+911166304852,23320095,41531495Efada@fada.inCINU74140DL2004PNL130324FORIMMEDIATERELEASEFADAReleasesJanuary’24VehicleRetailData§Industry-WideGrowth:January2024sawstronggrowthacrossallvehiclecategories,withtheoverallautoretailmarketexpandingby15%.Two-wheelers(2W)ledthechargewith15%growth,followedbythree-wheelers(3W)at37%,passengervehicles(PV)at13%,tractors(Trac)at21%andcommercialvehicles(CV)atamodest0.1%.§2WDemandStaysStrong:Demandfor2Wsremainssteady,fuelledbycontinuedstrengthintheruralmarket.Thissegmentislikelytobenefitfromthegovernment'sgoodcropproductionestimatesandcontinuedsupportfortheruraleconomy.§PVSalesSmashRecord:Thepassengervehiclesegmentachievedanewall-timehighinJanuary,retailing3,93,250vehiclesandsurpassingthepreviousrecordsetinNovember2023.However,apersistentconcernliesinhighinventorylevels,whichstillhoverinthe50-55-dayrange,posingachallengeforautodealers.§TractorSalesRebound:Tractorsalessawapositiveuptickafteraslowdowninpreviousmonths,likelydrivenbyanticipationofagoodRabicropoutputandfavourableweatherconditionsforwheatcultivation.§CautiousOptimismforCVs:Thecommercialvehiclesegmentmightexperienceaslightdemandtaperinthefourthquarterduetoahighbaseeffectandupcomingelections.However,long-termfundamenta...
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