Data▲ Bullish for Indian equities
Two-wheelers, EVs power September auto sales as festive demand picks up
The brief
- Two-wheeler sales rose 33.08% year on year in September
- September sales reached a record, with festive buying boosting demand
- Stronger two-wheeler demand benefits Indian automakers and suppliers exposed to festive-season sales
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September auto retail sales reach record levels
Indian auto retail sales rose 31.82% year on year in September, with two-wheeler sales up 33.08% to 17,90,188 units and passenger-vehicle sales reaching 4,27,213 units. Festive buying, rural demand, premium motorcycles and EV adoption supported sales, though dealers reported rising inventory.
Tuesday, 6 October
- Two-wheelers, EVs power September auto sales as festive demand picks up