Total sales were 16% higher than the pre-pandemic 2019 season and 27% higher than Navratri 2020. During the Navratri season, which lasted from September 26th to October 5th, two-wheeler, three-wheeler, commercial vehicle and passenger car sales were and tractors all increased by respective ranges of 52%, 115%, 48%, 70%, and 58%.
“Navratri Retails clearly shows that after a three-year hiatus, customers were back in the showrooms and firing on all cylinders. In fact, the two-wheeler category, which has continued to show weakness compared to the pre-Covid months, also saw single-digit growth,” said Manish Raj Singhania, President of FADA.
In the two-wheeler segment, sales increased from 242,213 in Navratri 2021 to 369,020 units in Navratri 2022. Year-to-date figures are 20 percent higher than 2020 and four percent higher than 2019. “Compared to Navratri 2019 (the pre-Covid season) showed All categories showed positive momentum, with two-wheelers, three-wheelers, commercial vehicles, passenger cars and tractors growing four percent, 31 percent, 37 percent, 59 percent and 90 percent, respectively,” said Singhania.
Tricycle sales increased from 9,203 during the 2021 Navratri season to 19,809 during the 2022 season. Tricycle sales have doubled this year compared to 2020. There was a 31% increase from the 2019 Navratri level.
According to Singhania, the uptrend is most likely to be sustained by Deepawali. During the holiday season, car sales rose from 64,850 units last year to 110,521 this year. Commercial vehicle sales increased from 15,135 in 2016 to 22,437 in 2017. Tractor sales also increased (17,440 units in Navratri 2022 from 11,062 units in 2021).
“We are now hoping that this trend will continue into Deepawali so that alongside the PV dealers who will experience a decade high during this festive season, the two wheeler dealers will also have a good season helping them to liquidate the stocks they have in Having built up anticipation of a good party,” he added.
According to data released by FADA last week, retail vehicle sales rose 11% in September compared to the same month last year, prompting celebrations in the sector. However, with sales down 4% from September 2019, showing that rural demand has not picked up yet, the sector failed to surpass pre-Covid levels for the month.