Auto Sales In Festive Season: Car Retail Sales Top Six-Lakh Mark In 42 Days

Overall, however, festive auto retail sales fell short of industry expectations due to unseasonal heavy rains in South India and a cyclone in the east, FADA says.

Maruti Suzuki cars parked outside an Arena dealership in Bandra, Mumbai. (Photo: Tushar Deep Singh/NDTV Profit)

A record six lakh-plus cars were registered in India during the recently concluded festive season, against the backdrop of slowing sales in the world’s third largest automotive industry.

Also Read: Hyundai India Guides For Slower Growth In Second Half Of FY25 Amid Rural Push

Unsold Stock

The surge in festive-period sales may have reduced from inventory levels reported as on Oct. 31—7.5 lakh cars worth Rs 75,000 crore or 75-80 days of unsold stock—but FADA is still cautious, waiting for the full picture to emerge by the end of November.

“With 1.5 months remaining before the calendar year ends, FADA urges OEMs to focus on liquidating 2024 stock, so that dealers can enter 2025 with ideal, FADA-recommended 21 days of inventory,” Vigneshwar said.

Also Read: Auto Sales In October 2024: Hyundai Sells Record SUVs, TVS Motor Sales Up 13%, Tata Motors Sales Flat

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Tushar Deep Singh
Tushar Deep Singh is a Mumbai-based business journalist reporting on India'... more
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