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FADA: Over 2.61 crore vehicles sold in 2024-25 due to better performance in rural areas, an increase of 6%
FADA: More than 2.61 crore vehicles were sold in 2024-25 due to better performance in rural areas in India, which is 50% more than the previous year. Sales of passenger and two-wheelers increased, while sales of commercial vehicles and tractors declined.
As a result of the improved performance of the rural markets in the passenger as well as two-wheeler segment, over 2.61 crores of vehicles were retailed in the retail markets of the country in the previous financial year 2024-25. It is 6 percent higher compared to the total 2,45,58,437 vehicles retailed in 2023-24.
The Federation of Automobile Dealers Association (FADA) said on Monday, sales of passenger vehicles, two-wheelers and three-wheelers saw an increase in 2024-25. However, there was a decline in the registration of commercial vehicles and tractors. According to the data of the organization, retail sales of passenger vehicles increased by 5% to 41,53,432 units in the last financial year as compared to 39,60,602 in 2023-24.
Retail sales of two-wheelers grew 8% year-on-year to 1,88,77,812 units in 2024-25. Sales of three-wheelers grew by 5% to 12,20,981 units. However, tractor sales declined by 1% to 8,92,410 units. FADA President CS Vigneshwar said, 2024-25 was indeed resilient for the retail vehicle sector. The main highlight was the strong performance in rural areas.
