Data▲ Bullish for Indian equities
‘Best ever September’: Auto retail sales surge 32% year-on-year
The brief
- Auto retail sales rose 32% year-on-year in September
- Dealers cited festive buying, rural demand, premium motorcycles and accelerating EV adoption
- Higher vehicle demand may benefit Indian automakers and two-wheeler companies
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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
- ‘Best ever September’: Auto retail sales surge 32% year-on-year