May 08, 2025 10:49 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Ensure smooth functioning of essential services: Amit Shah tells states in security review meet after Operation Sindoor | Ensure smooth functioning of essential services: Amit Shah tells states in security review meet after Operation Sindoor | Seven Pakistani soldiers killed, five injured in bomb attack on military convoy in southwestern Balochistan | Modi, Albanese eye to advance India-Australia Comprehensive Strategic Partnership during telephone conversation | Hold dialogue with all political parties on caste census: Mallikarjun Kharge writes to PM Modi | PM Modi meets NSA Ajit Doval amid India's wait for retaliation against Pahalgam terror attack | Pakistan grilled at UNSC amid rising tension with India after Pahalgam terror attack | 'We'll do everything we can': US House Speaker backs India in fight against terrorism after Pahalgam attack | Centre asks several states to conduct security mock drills amid tensions with Pakistan, first since 1971 | PM Modi holds meeting with Defence Secy as India plans retaliation against Pahalgam attack
Photo Courtesy: Pixabay

Automobile Retail sales rise 7% in Jan, passenger vehicle sales up 16%

| @indiablooms | Feb 07, 2025, at 10:10 pm

New Delhi: Automobile retail sales in India grew 7% year-on-year in January, reaching 22.9 lakh units, driven by strong demand across all segments, according to the Federation of Automobile Dealers Associations (FADA).

"Each vehicle category—two-wheelers, three-wheelers, passenger vehicles, tractors, and commercial vehicles—witnessed positive momentum, reflecting sustained consumer confidence and steady market recovery," said FADA president C S Vigneshwar was quoted as saying by the Times of India.

Passenger vehicle sales saw a sharp 16% year-on-year jump to 4.6 lakh units last month.

While demand remained strong, dealers noted that last year's heavy discounting had played a role in clearing older inventory.

Inventory levels improved, declining by about five days to 50-55 days, indicating better supply-demand balance, the report said.

Two-wheeler sales rose 4% year-on-year to 15.2 lakh units from 14.6 lakh in January 2023.

Meanwhile, electric vehicle (EV) sales surged 19.4% month-on-month and 17.1% year-on-year to 1,69,931 units, according to FADA data, Business Standard reported citing the FADA report.

FADA compiles its data from the Ministry of Road Transport and Highways (MoRTH) and 1,375 of the 1,436 regional transport offices across the country.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu