Overview
- FADA reported lifetime highs as two-wheeler retails jumped 51.8% to about 31.5 lakh and passenger vehicles rose roughly 11% to 5.57 lakh, with other categories also advancing.
- The 42-day Dussehra–Diwali period produced record festive retails of about 5.24 million units, a 21% year-on-year increase across segments.
- Tax cuts under GST 2.0 reduced levies on small cars and entry-level two-wheelers, widening affordability and drawing in more first-time buyers.
- Rural markets led the rebound, with passenger vehicle growth over three times faster than in cities and two-wheeler growth nearly double urban rates.
- Dealer inventories eased to roughly 53–55 days as footfalls and conversion improved, and surveys show 64% expect November growth with about 70% forecasting expansion into the next quarter.