09 Dec 2024
In November 2024, FADA Recorded a Slight Decline of 0.47% 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 November 2024, combined CV sales reached 190,304 units, a slight decline of 0.47% from 191,211 units sold in November 2023.
Commercial vehicle sales dropped by 6.08%, with 81,967 units sold in November 2024 compared to 87,272 units in the previous year. However, the three-wheeler segment saw a modest growth of 4.23%, with sales increasing to 108,337 units from 103,939 units in November 2023.
Let's Look at the Combined Commercial Vehicle Sales in November 2024:
FADA Retail Sales Report by Segment Three-Wheeler
E-RICKSHAW (P)
Retail sales in the E-Rickshaw segment decreased 3.18% in November 2024. The segment sold 40,391 units, compared to 41,718 in November 2023.
E-RICKSHAW WITH CART (G)
This category saw a substantial rise of 70.11% in retail sales. The E-Rickshaw with cart sold 5,423 units in November 2024, compared to 3,188 in November 2023.
THREE WHEELER (GOODS)
The Three wheeler goods segment recorded a 3.95% increase in sales, selling 10,940 units in November 2024, compared to 10,524 units in November 2023.
THREE WHEELER (PASSENGER)
This passenger vehicle segment registered a significant retail sales growth of 6.30%. It sold 51,466 units in November 2024, compared to 48,418 units in November 2023.
THREE WHEELER (PERSONAL)
The personal three-wheeler segment saw a remarkable 28.57% rise in sales, with 117 units sold in November 2024, up from 91 units in November 2023.
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 complete CV sales figures:
LCV
The Light Commercial Vehicle segment saw a 4.46% decline in retail sales, with 47,530 units sold in November 2024 compared to 49,751 in November 2023.
MCV
The MCV category saw a minimal decrease of 0.05% in sales, selling 5,473 units in November 2024 compared to 5,476 in November 2023.
HCV
The Heavy Commercial Vehicle segment experienced a significant decline of 11.56%, selling 24,441 units in November 2024 compared to 27,635 units in November 2023.
Others
Other categories, including construction equipment, saw a growth of 2.56%, reaching 4,523 units in November 2024 compared to 4,410 in November 2023.
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