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| J&K Auto Market begins 2026 on strong note with nearly 10% growth | | |  Early Times Report
JAMMU, Feb 11: In J&K for January 2026, the 2-Wheeler category witnessed a growth of 8.64% at 4,978 units in January 2026, as compared to 4,582 units in January 2025.The 3 Wheeler category witnessed a growth of 7.81% at 1,091units in January 2026, as compared to 1,012 units in January 2025. The Commercial Wheeler category witnessed a growth of 30.69% at 1,056 units in January 2026, as compared to 808 units in January 2025.The Construction Equipment category witnessed a downfall of -22.22% at 28 units in January 2026, as compared to 36 units in January 2025.The Passenger Vehicle category witnessed a Growth of 9.83% at 6,962 units in January 2026, as compared to 6,339 units in January 2025.The Tractor Vehicle category witnessed a downfall of -7.55% at 355 units in January 2026, as compared to 384 units in January 2025.
In J&K total retail is 14,470 in January 2026 as compared to13,161 in January 2025 thereby registering a growth 9.95% YoY.
Sanjay Aggarwal, Chairperson, Federation of Automobile Dealers Associations Jammu said that reflecting on January 2026 Auto Retail performance in J&K, "January 2026 showed a decent growth of 9.95% YoY.
Sanjay Aggarwal said that the retail performance in Jammu & Kashmir reflects cautious optimism in the market. Improved availability of vehicles, better financing options, and seasonal demand have supported sales momentum across segments. However, rural liquidity and inflationary pressures continue to influence buying decisions, particularly in entry-level categories."
Aggarwal said that, "While passenger vehicles continue to perform well, especially in the SUV category, the two-wheeler segment needs sustained demand stimulus. Commercial vehicle growth signals positive movement in economic activity, but consistent policy support and infrastructure spending will be crucial to maintain this trajectory."
Aggarwal said that, February'26 sentiment is firmly constructive, backed by supportive macros and on-ground dealer confidence. The operating environment is being strengthened by a growth-oriented Budget with a clear infra-agri thrust, continued wedding/festival tailwinds, and RBI rate stability on top of 2025's easing-together improving affordability, financing comfort and purchase intent. Dealers are also flagging healthier enquiry inflows versus January and stronger pipeline management as a conversion lever, with the key watch-outs being the shorter month, high base from recent strong runs.
Aggarwal said that, Looking ahead, FADA expects demand to remain stable in the coming months, supported by infrastructure projects, tourism activity, and improving consumer confidence. However, the association emphasized the need for calibrated policy measures to ensure sustainable growth in the automobile retail sector. "Stable interest rates, improved rural liquidity, and supportive policy measures will be key to sustaining growth in the coming quarters he added.
Aggarwal shared that during the pre-budget meeting, FADA J&K submitted a set of proposals and suggestions to the Hon'ble Chief Minister of Jammu & Kashmir aimed at accelerating the growth of the automobile sector in the Union Territory. He highlighted that the proposed measures are expected to drive additional vehicle sales of up to 14%, resulting in significant revenue enhancement for the Government of J&K, including an estimated ?166 crore through Road Tax and ?149 crore through SGST.
He further added that FADA has also recommended several measures for inclusion in the upcoming J&K EV Policy, which is currently under formulation, to make it more inclusive and growth-oriented. These recommendations are expected to further boost vehicle sales across the region. |
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