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Automobile retail sales during the festive season saw the highest-ever numbers in 2023 scaling 3.793 million units, up 19 per cent compared to 3.195 million units during the same period in the last fiscal. The 42-day festive period started on the first day of Navratri and ended 15 days after Dhanteras.
Significant growth was observed in the two-wheeler, three-wheeler, commercial vehicle, and passenger vehicle segments, with a rise of 21 per cent, 41 per cent, 8 per cent, and 10 per cent, respectively. Conversely, the tractor segment experienced a slight decline of 0.5 per cent, based on the data shared by the Federation of Automobile Dealers Associations (FADA).
