2024年3月印度车辆零售数据（英）-16页.docx

FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

804-805-806,SuryaKiran,19,KGMargNewDelhi-110001(INDIA)

T+911166304852,23320095,41531495Efada@fada.in

CINU74140DL2004PNL130324

FORIMMEDIATERELEASE

FADAReleasesMarch’24FY’24VehicleRetailData

BriefAnalysisforMar’24

.ModestGrowthinAutoSector:TheIndianAutoRetailsectorwitnessedagrowthof3.14%YoY,withsignificantgrowthof5%and17%inthe2Wand3Wsegments.

.SurgeinElectricVehicleSales:TheexpirationoftheFAME2subsidyonMarch31stledtoanotableincreaseinelectricvehiclesales,withthe2W-EVmarketsharejumpingto9.12%forthefirsttime.

.ResilienceintheFaceofChallenges:Despiteeconomicconcerns,electionuncertaintiesandintensecompetition,the2Wsegmentshowcasedstrategicevolution,especiallyinthepremiumandelectricvehicles.

.PositiveSentimentinThree-WheelerSegment:The3Wsegmentdemonstratedgrowthdrivenbytheincreasingacceptanceofelectricvehicles,showinganoptimistictrenddespitepotentialchallenges

fromelectionuncertaintiesandpolicychanges.

.ChallengesinthePVSector:ThePVsegmentfacedadownturnwitha2%MoManda6%YoYsalesdecline,attributedtoheavydiscountingandselectivefinancing.

.MixedLandscapeforCVs:TheCVsegmentwhichfellby6%YoYnavigatedthroughacomplex

environment,balancingelection-inducedpurchaseslowdownswithstrongdemandinspecificsectors

likecoalandcementtransportation.

.UrbanChallengesandSectorResilience:Amiddecliningurbanconsumersentimentandelection

uncertainties,theautomobileindustryleveragesfestiveoccasions,newproductlaunchesandashifttowardselectricmobilitytonavigatetowardsrecoveryandgrowth.

BriefAnalysisforFY’24

.RobustSector-WideGrowth:InFY’24,theIndianAutoRetailsectorachievedanotable10%YoY

growth,withthe2W,3W,PV,TracandCVsegmentsregisteringgrowthratesof9%,49%,8.45%,8%

and5%respective