New Delhi, October 13: Auto retail sales witnessed a robust recovery during the Navratri festival, with growth ranging between 15-35 per cent year-on-year (YoY) across passenger vehicle (PV) and two-wheeler (2W) segments, driven by strong festive sentiment, according to a report by Centrum Institutional Research. The report expects Dhanteras and Deepawali to deliver peak festive sales for both PVs and 2Ws.
The report highlighted that retail demand in the PV segment across dealerships grew between 15-22 per cent YoY, led by major automakers including Maruti Suzuki India (MSIL), Tata Motors (TTMT), Honda Motor India (HMI), and Mahindra & Mahindra (M&M). It stated “overall tone from dealers suggests that retail growth during Navratri stood in the range of approx. 15-35 per cent YoY across PV and 2W. Dhanteras & Deepawali are expected to deliver peak festive sales”. Bentley Opens 1st Showroom in Mumbai, Showcases Continental GT, Flying Spur and Bentayga EWB Models; Check Details and Expansion Plans in Other Cities.
The 2W segment recorded higher growth of 25-35 per cent YoY across Honda, Hero, TVS, and Royal Enfield, although Bajaj sales remained muted during the period. In the PV segment, the festive sentiment has resulted in a sharp 35-40 per cent surge in dealership footfalls. This boost was supported by recent price corrections, including GST rate cuts, and a notable increase in first-time buyers.
The strong retail conversion was also attributed to sustained traction from recent launches. The report noted that demand remains skewed toward top-end variants, reflecting a clear premiumization trend across markets. However, momentum in electric PVs has moderated as aggressive pricing in internal combustion engine (ICE) models narrows the gap.
For two-wheelers, premium and 125cc+ offerings continued to outperform, with TVS and Royal Enfield leading the growth trajectory. The first 20 days of September were impacted due to purchase deferrals amid GST-cut implementations, but momentum picked up in the latter half of the month and continued into early October. Ratan Tata Death Anniversary: Tata Motors Pays Tribute, Says ‘A Guiding Light, Forever in Our Hearts’.
Overall, the PV segment delivered a firm festive recovery, with sequential improvements in both footfalls and retail conversions, underscoring the strong revival in consumer demand during the Navratri period.
(The above story is verified and authored by ANI staff, ANI is South Asia’s leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)
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