The Federation of Automobile Dealers Associations (FADA) released Vehicle Retail Data for CY'24 & Dec'24 for the State of Karnataka.
CY'24 & Dec'24 Retails
Commenting on how CY'24 & Dec'24 performed, FADA Karnataka State Chairperson, Mr Dharma Teja G said, “While the overall Calendar year 2024 showed decent growth across segments, the month of Dec 2024 was a dampener for the Auto industry in Karnataka. Dealer are facing continued pressure from slower demand post Diwali and mounting pressure of Inventory. With the cost of products increasing, and the macroeconomic indicators slowing down, dealers are sceptical of high growth numbers. Dealers are expecting OEM’s to take a note of existing inventory and take corrective measures in line with the demand.”
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