{"id":1276483,"date":"2023-12-04T09:46:38","date_gmt":"2023-12-04T04:16:38","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1276483"},"modified":"2023-12-04T09:47:12","modified_gmt":"2023-12-04T04:17:12","slug":"90300-vehicles-sold-in-43-days-of-festivity-a-new-record-for-indian-automotive-industry-suv-beats-hatchback-in-demand","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/90300-vehicles-sold-in-43-days-of-festivity-a-new-record-for-indian-automotive-industry-suv-beats-hatchback-in-demand\/","title":{"rendered":"90,300 Vehicles Sold In 43 Days Of Festivity: A New Record For Indian Automotive Industry! (SUV Beats Hatchback In Demand)"},"content":{"rendered":"\n<p>In a report released on November 28, the Federation of Automobile Dealers Associations (FADA) revealed that automobile retailers successfully sold 37.93 lakh vehicles during the 42-day festive period in 2023. This marks a notable 19% increase compared to the previous year&#8217;s sales of 31.95 lakh vehicles. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-11.jpg\" alt=\"90,300 Vehicles Sold In 43 Days Of Festivity: A New Record For Indian Automotive Industry! (SUV Beats Hatchback In Demand)\" class=\"wp-image-1276556\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-11.jpg 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-11-300x140.jpg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-11-768x357.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>The festive season, spanning from the first day of <a href=\"https:\/\/www.cnbctv18.com\/auto\/indian-auto-retailers-sell-over-90300-vehicles-each-day-in-the-festive-season-suvs-most-in-demand-18419631.htm\/amp?utm_campaign=fullarticle&amp;utm_medium=referral&amp;utm_source=inshorts\">Navratri to 15 days after Dhanteras<\/a> (October 15 to November 25), was equivalent to the timeframe between September 26 and November 6 in 2022.<\/p>\n\n\n\n<p><strong>Dynamic Trends in Automobile Sales: Overcoming Challenges and Surging Ahead<\/strong><\/p>\n\n\n\n<p>Despite a sluggish start, especially in the passenger vehicle sector during Navratri, the situation improved by Deepawali, culminating in a 10% growth rate. SUVs were the most sought-after vehicles, but the FADA report highlighted concerns about high inventory levels for passenger vehicles as original equipment manufacturers (OEMs) continued to dispatch more units, maintaining inventory rates near all-time highs.<\/p>\n\n\n\n<p>Various categories witnessed remarkable sales, with two-wheelers, three-wheelers, commercial vehicles, and passenger vehicles experiencing jumps of 21%, 41%, 8%, and 10%, respectively. However, the tractor segment saw a slight decline of 0.5%. FADA emphasized the significant contribution of rural areas to the surge in two-wheeler purchases.<\/p>\n\n\n\n<p><strong>Navigating Auto Sales Trends: Assessing the Impact of Festive Peaks and Inventory Challenges<\/strong><\/p>\n\n\n\n<p>The retailers&#8217; association had previously reported the best Navratri sales data in six years earlier this month. Despite an 8% year-on-year decline in auto sales in the first half of October due to the Shraddh period, retail sales during Navratri soared by 18% annually, surpassing the figures from Navratri 2017.<\/p>\n\n\n\n<p>As November sales approach conclusion, FADA reiterated caution regarding high inventory levels in the passenger vehicles segment, urging urgent attention from OEMs. The monthly October update had highlighted a mixed outlook for the auto sector, with festivities and the harvest season expected to boost two-wheeler sales. Challenges included supply concerns, while commercial vehicles anticipated a robust November due to festive and construction activities. The passenger vehicle segment faced uncertainties, with the shadow of year-end discounts impacting immediate sales, making November data crucial to monitor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a report released on November 28, the Federation of Automobile Dealers Associations (FADA) revealed that automobile retailers successfully sold 37.93 lakh vehicles during the 42-day festive period in 2023. This marks a notable 19% increase compared to the previous year&#8217;s sales of 31.95 lakh vehicles. The festive season, spanning from the first day of [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":1276556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4078],"class_list":["post-1276483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-car-sales-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>90,300 Vehicles Sold In 43 Days Of Festivity: A New Record For Indian Automotive Industry! 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This marks a notable 19% increase compared to the previous year&#8217;s sales of 31.95 lakh vehicles. 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