Tuesday, October 11, 2022

FADA Releases Navratri’ Vehicle Retail Data For Quarter 2, 2022

The Federation of Automobile Dealers Associations (FADA) released Vehicle Retail Data for Navratri’22.

Navratri’22 Retails

Commenting on how Navratri’22 performed, FADA President, Mr. Manish Raj Singhania said, “For the first time, FADA is releasing Navratri Auto Retail figures. Overall retails increased by a massive 57% compared to Navratri’21. All categories also showed extremely high growth with 2W, 3W, CV, PV and Tractors increasing by 52%, 115%, 48%, 70% and 58% respectively.

When compared to Navratri’19 (which was prior to covid), total retails increased by 16%. Here too, all categories showed positive momentum with 2W, 3W, CV, PV and Tractors growing by 4%, 31%, 37%, 59% and 90% respectively.

Navratri retails clearly shows that customers were back in showrooms with all guns blazing after a gap of 3 years. In fact, 2W category which was continuously showing weakness when compared to pre-covid months, also registered single digit growth.

We now hope that this trend continues till Deepawali, so that apart from PV Dealers who will see a decade high during this festive, the 2W Dealers also have a good season and hence helps them liquidate their stock which they have built in anticipation of a good festive.”

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