Nov Auto Sales Up 2% as Demand Stays Strong Post-Festive Period: FADA

• Automobile retail sales rose 2% year-on-year in November to 3,300,832 units, sustaining post-festive momentum.
• Passenger vehicles, commercial vehicles, three-wheelers, and tractors saw significant growth (20-57%) in November.
• Two-wheeler sales dipped 3% due to festive buying in October, delayed crop payments, and uneven model supply.
• Growth was driven by GST rate cuts, OEM-dealer offers, price reductions, and marriage season demand.
• FADA predicts a positive outlook for the next three months, citing GST 2.0, strong enquiries, and improving rural economic indicators.

Why It Matters: Robust auto sales signal strong consumer demand and economic health.