x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Justice For Terror Victim Families | Kathua Administration welcomes first Batch of Amarnath Yatris at Lakhanpur | Yatra of resilience: LG to flag off first batch today after Pahalgam carnage, Op Sindoor | LG visits Yatri Niwas at Bhagwati Nagar, reviews arrangements | LG reviews final preparations | LG chairs high-level meeting, discusses issues of terror victim families | LG flags off fleet of ambulances in Ramban, Anantnag districts | 5 real brothers from Budgam among fraudulently selected candidates | Hope beneath the surface: Govt plans underground hospital in Poonch | ACB catches DDC member red handed | Crime Branch books J&K Bank officers, others for frauds | Back Issues  
 
news details
FADA releases Aug'24 vehicle retail data for J&K
9/6/2024 10:08:46 PM
Early Times Report
JAMMU, Sept 6: The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for Aug'24 for the UT of Jammu and Kashmir.
The 2-Wheeler category witnessed a growth of 18.38% at 10,253 units in August 2024, as compared to 8,661 units in August 2023. The 3-Wheeler category witnessed a growth of 13.00% at 1,156 units in August 2024, as compared to 1,023 units in August 2023. The Commercial Vehicle category witnessed a downfall of -9.94% at 843 units in August 2024, as compared to 936 units in August 2023. The Passenger Vehicle category witnessed a downfall of -27.34% at 4,494 units in August 2024, as compared to 6,185 units in August 2023. The Tractor Vehicle category witnessed a growth of 77.40% at 314 units in August 2024, as compared to 177 units in August 2023.
In total the retail is 17,060 in AUGUST'24 compared to it is 16,982 in AUGUST'23 thereby registering a growth of 0.46%.
Commenting on how Aug'24 performed, FADA Jammu UT Chairperson, Mr Sanjay Aggarwal said, Tractor Vehicle category saw the highest growth of above 77% amongst all the categories in the month of August 2024.Two wheelers and three wheelers showed the growth of 18% and 13% respectively. However de growth was seen in commercial vehicle and passenger vehicles. The sales of passenger vehicles were most affected in the month of August 2024 showing a downfall of 27%.
Aggarwal said that, Festivals such as Ganesh Chaturthi, and Navratri are expected to uplift consumer sentiment, particularly in urban areas.
Favourable rainfall in some regions has improved agricultural prospects, which may boost rural sales post-monsoon. However Shraddh period, an inauspicious period for purchases is expected to pause PV sales in September. High inventory levels, aggressive discounting practices and weak market sentiment continue to pressure dealer profitability he added.
Aggarwal said that overall outlook is cautiously optimistic. While the festive season presents promising growth opportunities, the auto retail market faces several headwinds, particularly from weather-related uncertainties and high inventory levels. Strategic inventory management and targeted marketing efforts will be key to capitalizing on the festive period while navigating these challenges effectively.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU