FADA: Domestic Auto Retail Sales Soar 26% in Feb, Broad-Based Growth Across Segments

• Domestic automobile retail sales surged 25.62% year-on-year in February, reaching 24,09,362 units, driven by improved affordability and market confidence.
• Five out of six categories—two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, and tractors—recorded their highest-ever February retail volumes.
• Passenger vehicle sales grew 26%, with rural markets surging 34% YoY, indicating strong demand beyond metros and supporting small car sales.
• Growth was fueled by GST rationalization, marriage season, new model introductions, improved rural liquidity, and attractive marketing schemes.
• FADA's outlook for March is cautiously optimistic, expecting stable, calibrated growth after a period of strong rebound.