JAMMU: The Federation of Automobile Dealers Associations (FADA) has released the Vehicle Retail Data for October 2023 in the Union Territory of Jammu and Kashmir.
Jammu and Kashmir Vehicle Retail Data for October 2023:
- The 2-Wheeler category saw a decrease of -26.63%, with 6,737 units sold this month compared to 9,182 in October 2022.
- The 3-Wheeler category experienced a growth of 24%, with 1,111 units sold this month compared to 584 in October 2022.
- The Commercial Vehicle category witnessed a decrease of 53%, with 900 units sold this month compared to 837 in October 2022.
- The Passenger Vehicle category saw a growth of 49%, with 4,818 units sold this month compared to 4,611 in October 2022.
- The Tractor Vehicle category witnessed a decrease of 67%, with 192 units sold this month compared to 187 in October 2022.
In total, retail sales reached 13,758 units in October 2023, compared to 15,401 in October 2022.
Source: FADA Research
Disclaimer: The nationwide figures above do not include data from Telangana. Vehicle Retail Data has been compiled as of October 2023 in collaboration with the Ministry of Road Transport & Highways, Government of India, and has been gathered from 1,348 out of 1,434 Regional Transport Offices (RTOs).
Commenting on the performance in October 2023, FADA Jammu UT Chairperson, Mr. Sanjay Aggarwal, stated, “Navratri ’23 brought unprecedented sales to auto retail, surpassing the previous high of Navratri ’17. Year-on-year figures for this period indicate a robust increase in overall auto retail. With ongoing festivities, almost every automotive category experienced momentum except the two-wheeler (2W) category, which saw a decline of -26.63%. The rest, including three-wheelers (3W), passenger vehicles (PV), tractors (Trac), and commercial vehicles (CV), grew by 90.24%, 7.53%, 4.49%, and 2.67% respectively on a month-on-month basis. Throughout the month, the anticipation for Diwali in November and the launch of new models generated a steady demand.”
