Overview

• FADA reported total September retail registrations of 1,827,337 units, up 5.22% year-on-year, with passenger vehicles at 299,369 (+5.8%) and two-wheelers at 1,287,735 (+6.5%).
• Registrations during the Sept. 22–Oct. 2 Navratri window jumped about 34% year-on-year, led by roughly mid‑30s gains in both passenger vehicles and two-wheelers.
• Dealers used the late-September surge to replenish inventory, with passenger-vehicle stock now around 60 days to serve Dhanteras and Diwali demand.
• EV penetration continued to rise, reaching about 5.1% of passenger-vehicle retails and roughly 8.1% of two-wheeler retails in September.
• Analysts cautioned that the spike reflects deferred purchases ahead of the GST change and limited billing days, suggesting growth could normalize after the concentrated festive window.