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Budget News

  • India's Automobile Retail Registers 27% Growth In April
  • May 08,2024  09:57
  • The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for April'24.

    The Indian Auto Retail sector achieved a 27% YoY growth in April 2024, with the combined March-April period showing a 14% YoY increase.

    The two-wheeler (2W), three-wheeler (3W), passenger vehicle (PV), tractor (Trac) and commercial vehicle (CV) segments grew by 33%, 9%, 16%, 1%, and 2%, respectively.

    Comparing combined March and April 2024 with the same period last year shows a 14% YoY growth for the entire industry.

    The industry remains cautiously optimistic due to rising interest in new models and strategic planning, but careful monitoring of election-related uncertainty and financial challenges is crucial to navigate the evolving market.

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