Excelsior Correspondent
JAMMU, Feb 10: The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for Jan’25 for the UT of Jammu and Kashmir.
As per the data released, for January, the 2-Wheeler category witnessed a downfall of -0.63% at 4,561 units in January 2025, as compared to 4,590 units in January 2024.
The 3-Wheeler category witnessed a downfall of -12.00% at 1,012 units in January 2025, as compared to 1,150 units in January 2024.
The Commercial Vehicle category witnessed a downfall of -22.45% at 812 units in January 2025, as compared to 1,047 units in January 2024.
The Passenger Vehicle category witnessed a growth of 14.86% at 6,275 units in January 2025, as compared to 5,463 units in January 2024.
The Tractor Vehicle category witnessed a growth of 44.36% at 384 units in January 2025, as compared to 266 units in January 2024.
In total the retail is 13,044 in Jan 25 compared to it is 12,516 in Jan 24 thereby registering a growth of 4.22.
Speaking on the occasion, Sanjay Aggarwal, Chairperson, FADA said that in the month of January 2025 Passenger Vehicle Category and Tractor Vehicle Category showed a growth of 14.86% and 44.36% respectively, where as 2 Wheeler, 3 Wheeler and Commercial Vehicle Category witnessed degrowth, which is a matter of concern.
“According to our latest survey, nearly half of dealers (46%) anticipate growth in the coming month, while 43% expect sales to stay flat and 11% foresee a dip. This blend of sentiments underscores the industry’s complex landscape where bright spots are tempered by ongoing challenges,” he said.
“On the positive side, dealers report that the continuing marriage season, fresh product launches and strategic promotional activities are likely to sustain customer footfalls. Furthermore, improved inventory management, better financing options from select lenders and backlogged orders in certain segments (such as commercial vehicles) add to the sense of guarded confidence,” he said and added that with supportive policies and a post-budget lift in consumer sentiment, we believe February could see a stable or slightly elevated sales curve.
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