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| Vehicle retail in J&K faces downturn in February 2025: FADA | | | Early Times Report
JAMMU, Mar 11: The Federation of Automobile Dealers Associations (FADA) Jammu today released Vehicle Retail Data for Feb'25 for the UT of Jammu and Kashmir.
For February 2025, the 2-Wheeler category witnessed a downfall of -0.12% at 5,068 units in February 2025, as compared to 5,074 units in February 2024. The 3-Wheeler category witnessed a downfall of -13.08% at 1,010 units in February 2025, as compared to 1,162 units in February 2024. The Commercial Vehicle category witnessed a downfall of -3.84% at 851 units in February 2025, as compared to 885 units in February 2024.The Passenger Vehicle category witnessed a downfall of -0.12% at 4,377 units in February 2025, as compared to 4,545 units in February 2024. The Tractor Vehicle category witnessed a growth of 34.23% at 349 units in February 2025, as compared to 260 units in February 2024.
In total the retail is 11,655 in FEBRUARY'25 compared to it is 11,926 in FEBRUARY'24 thereby registering a downfall of 2.27%.
Sanjay Aggarwal, Chairperson, Federation of Automobile Dealers Associations Jammu said that in the UT of J & K, the month of February 2025 witnesses a degrowth in categories of 2 wheeler, 3 wheeler, commercial vehicle and passenger vehicle. The only category which witnessed a growth of 34.23 % is Tractor Vehicle Category. Concerns over slow-moving models and external economic pressures, such as liquidity constraints and inflation, further intensified these challenges.
Aggarwal said that, the near-term outlook for auto retail in March 2025 is cautiously optimistic, with dealer expectations indicating that nearly 45% foresee growth, 40% expect flat performance and only 14% anticipate de-growth. However, challenges remain, as five consecutive months of declining stock markets have dampened consumer confidence-with investors closing more SIPs rather than opening new ones and reduced discretionary spending driven by dented profitability.
Aggarwal said that despite this, the convergence of multiple festivals-ranging from Holi to the onset of Navratri-and year-end depreciation benefits is expected to provide a much-needed boost to vehicle purchases. Segment-specific insights also support a more positive outlook. In the 2W segment, positive Agri-output and the festive calendar are seen as catalysts, even though the booking pipeline slowed towards the end of February. The CV space is likely to benefit from increased government spending and a spike in institutional buying, despite some liquidity challenges. Meanwhile, PV space is expected to gain traction, fuelled by attractive schemes, the impact of preponed festival sales and fiscal year-end advantages.
Aggarwal added that, while mixed sentiments persist, an adaptive market strategy that leverages festive demand and favourable financial incentives is anticipated to drive a recovery in March. |
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