FADA Releases Oct'24 Vehicle Retail Data For The State Of Karnataka

The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for Oct'24 for the State of Karnataka.

Oct'24 Retails

Commenting on how Oct'24 performed, FADA Karnataka State Chairperson, Mr Dharma Teja G said, “October 2024 witnessed two major festivals, Navratri and Diwali, in the same month. These festivities traditionally account for huge portion of annual auto sales, so the industry's focus was keenly on how October would unfold. With dealers entering this crucial period fully hope, the month did not disappoint!

 Overall retail sales grew by 28% YoY. All categories showed positive growth, with 2W up 31%, 3W up 32%, PV up 25%, Trac up 16% and CV up 6% YoY. The festival period was preceded by a good Monsson and harvest. With the continuing of marriage season, we hope for a positive growth story in Nov 24 also.”

About FADA India

 Founded in 1964, Federation of Automobile Dealers Associations (FADA), is the apex national body of Automobile Retail Industry in India engaged in the sale, service and spares of 2 & 3 Wheelers, Passenger Cars, UVs, Commercial Vehicles (including buses and trucks) and Tractors. FADA India represents over 15,000 automobile dealers having 26,500 dealerships including multiple Associations of Automobile Dealers at the Regional, State and City levels representing the entire Auto Retail Industry. Together we employ ~4 million people at dealerships and service centres.

FADA India, at the same time also actively networks with the Industries and the authorities, both at the Central & State levels to provide its inputs and suggestions on the Auto Policy, Taxation, Vehicle Registration Procedure, Road Safety and Clean Environment, etc. to sustain the growth of the Automobile Retail Trade in India.