2024年1月印度车辆零售数据（英）-9页.docx

FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

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FADAReleasesJanuary’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.Thissegmentislikelytobenefitfromthegovernmentsgoodcropproduction

estimatesandcontinuedsupportfortheruraleconomy.

.PVSalesSmashRecord:Thepassengervehiclesegmentachievedanewall-timehighin

January,retailing3,93,250vehiclesandsurpassingthepreviousrecordsetinNovember2023.However,apersistentconcernliesinhighinventorylevels,whichstillhoverinthe50-55-day

range,posingachallengeforautodealers.

.TractorSalesRebound:Tractorsalessawapositiveuptickafteraslowdowninpreviousmonths,likelydrivenbyanticipationofagoodRabicropoutputandfavourableweatherconditionsforwheatcultivation.

.CautiousOptimismforCVs:Thecommercialvehiclesegmentmightexperienceaslightdemandtaperinthefourthquarterduetoahighbaseeffectandupcomingelections.

However,long-termfundamentalsremainpositive,withexpectationsofapost-election

reboundasunderlyingindustriesresumetenderprocesses.

.PotentialforFurtherGrowth:Thegovernmentsoptimisticcropproductionestimatesandcontinuedsupportmeasuresareexpectedtoboosttheruraleconomy,potentiallyleadingtoevenhighertractordemandandincreasedsalesofentry-level2Wsinruralareas.

13thFebruary’24,NewDelhi,BHARAT:TheFedera