FADA Reports Combined CV Retail Sales of 165,920 Units in December 2024

In December 2024, FADA Recorded a Decline of 4.86% in Total Combined CV Sales

The FADA (Federation of Automobile Dealers Association) has released the latest sales figures for commercial vehicles (CVs) and three-wheelers. In December 2024, combined CV sales reached 165,920 units, a decline of 4.86% compared to 174,394 units sold in December 2023.

Commercial vehicle sales dropped by 5.24%, with 72,028 units sold in December 2024 compared to 76,010 units in the previous year. Additionally, the three-wheeler segment witnessed a steep decline of 4.57%, with sales reducing to 93,892 units from 98,384 units in December 2023.

Let’s Look at the Combined Commercial Vehicle Sales in December 2024:

FADA Retail Sales Report by Segment Three-Wheeler

E-RICKSHAW (P)

Retail sales in the E-Rickshaw segment showed a decline, selling fewer units compared to December 2023.

E-RICKSHAW WITH CART (G)

This category witnessed a significant fluctuation in retail sales figures, showing variations compared to the previous year.

THREE-WHEELER (GOODS)

The Three wheeler goods segment recorded a decrease in sales, impacting the overall three-wheeler category performance.

THREE-WHEELER (PASSENGER)

This passenger vehicle segment faced reduced retail sales, with fewer units sold in December 2024 compared to December 2023.

THREE-WHEELER (PERSONAL)

The personal three-wheeler segment experienced mixed results, reflecting challenges in the segment.

FADA Retail Sales Report by Segment Commercial Vehicles (CV)

The commercial vehicle segment has been subdivided into LCV, MCV, HCV, and others. Here are the detailed CV sales figures:

LCV

The Light Commercial Vehicle segment saw a decline of 7.05% in retail sales, with 39,794 units sold in December 2024 compared to 42,814 in December 2023.

MCV

The MCV category also witnessed a drop of 6.52% in sales, selling 4,662 units in December 2024 compared to 4,987 in December 2023.

HCV

The Heavy Commercial Vehicle segment registered a decline of 4.70%, with 22,781 units sold in December 2024 compared to 23,904 in December 2023.

Others

Other categories, including construction equipment vehicles, saw positive growth of 11.29%, reaching 4,791 units in December 2024 compared to 4,305 units in December 2023.

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