New Delhi, Nov 8: India’s automobile retail sector zoomed to a historic peak in October, with total sales reaching 4.02 million units — a jump of 40.5 per cent year-on-year from 2.87 million units in October of the previous year.Key details from the data by the Federation of Automobile Dealers Associations (FADA):
Passenger vehicles sold 557,000 units, up around 11 per cent.
Two-wheelers reached a lifetime high of 3.15 million units, up 52 per cent.
Commercial vehicles grew 17.7 per cent, while tractors expanded by 14.2 per cent.
The surge is attributed to several factors:
Implementation of GST 2.0 including rate cuts for entry-level two-wheelers and small cars, boosting affordability and encouraging first-time buyers.
A robust 42-day festive period in 2025, lifting consumer sentiment and purchase decisions.
Strong performance in rural markets, aided by monsoon-driven farm incomes, infrastructure spending and logistics demand.