India’s October auto sales rise 12.5% on month; Navratri sees record-breaking sales
India’s year-on-year auto sales in October fell 8% due to the Shraddh period in the first half of the month, but the Federation of Automobile Dealers Association said the factor shouldn’t bother as sales rose 13% from a month earlier and three-wheeler sales hit a new high.
Total auto sales in October stood at 21,17,596, down 7.73% from a year earlier but it rose 12.51% from 18,82,071 sold in September, according to FADA data.
“The month commenced under the shadow of the inauspicious Shraddh period, persisting until the 14th. Consequently, a YoY comparison may not accurately reflect the actual trajectory of growth in the Indian Auto Retail sector,” FADA President Manish Raj Singhania said in a statement.