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Auto Sales Dip in September UPSC NOTE

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  Why in news Overall automobile retail sales in September fell by 9.26% year-on-year, according to the Federation of Automobile Dealers As...

 Why in news

  • Overall automobile retail sales in September fell by 9.26% year-on-year, according to the Federation of Automobile Dealers Association (FADA).

  • Despite the festive season, consumer demand remains weak, leading to flat or negative growth.

  • Passenger vehicle dealers are experiencing inventory levels of 80-85 days, totaling about 7.9 lakh vehicles valued at ₹79,000 crore

  • Segment Performance

  • Two-Wheelers: Sales dropped by 8.51%.

  • Passenger Vehicles (PVs): Sales decreased by 18.81% year-on-year and 10.8% month-on-month, marking the fourth consecutive month of decline.

  • Commercial Vehicles (CVs): Sales fell by 10.45%.

  • Three-Wheelers and Tractors: These categories saw slight increases in sales, with growth of 0.66% and 14.69%, respectively.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Auto Sales Dip in September UPSC NOTE
Auto Sales Dip in September UPSC NOTE
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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