Overview
- FADA reported total October retails of 4.02 million, up 40.5% year on year, with two-wheelers at 31.5 lakh (+52%) and passenger vehicles at 5.57 lakh (+11%).
- Across the 42-day Navratri-to-Diwali window, vehicle registrations rose 21% to 5.24 million, the strongest festive performance on record.
- The surge was driven by GST 2.0 rate cuts that lowered ownership costs for small cars and entry two-wheelers, reinforced by robust rural demand and festival buying.
- Dealer inventories eased to roughly 53–55 days, and surveys show 64% expect growth in November with about 70% positive on November–January despite likely moderation after the peak.
- Pockets of unevenness remained, with construction equipment down about 24–30% year on year and Bengaluru registrations spiking to 86,014 in October, lifting transport revenues.