‘Better supplies in festive time drives retail auto sales up 11%’: Manish Raj Singhania | Business News,The Indian Express

Manish Raj Singhania, president of Federation of Automobile Dealers Association (Fada) said, “The full potential for September was not realised as the inauspicious period of shradh and the auspicious period of Navratri both occurred in the same month.”

Vehicle registrations for the reporting month rose to 1.46 million compared to 1.31 million clocked during the same month last year. This data, which is sourced from regional transport offices (RTOs) of all states and union territories barring Madhya Pradesh, Telangana and Lakshadweep, reflects the actual purchases made by customers.

Manish Raj Singhania, president of Federation of Automobile Dealers Association (Fada) said, “The full potential for September was not realised as the inauspicious period of shradh and the auspicious period of Navratri both occurred in the same month.”

He further said the industry is looking forward to a record performance in the festive season which culminates with Diwali later in the month.

Two-wheelers, which made up 70 per cent of the volumes during the reporting month, saw a rise of 9 per cent in sales, which is the highest since June this year. The segment clocked 1.05 million units in sales in September, according to Fada data.

“Two-wheeler demand is rising and that is a very encouraging sign. There have been series of offers for the consumers and that seems to be working,” Singhania added.

https://indianexpress.com/article/business/better-supplies-in-festive-time-drives-retail-auto-sales-up-11-manish-raj-singhania-8190313/


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