Excelsior Correspondent
JAMMU, May 9: The Federation of Automobile Dealers’ Association (FADA) today unveiled the vehicle retail data for April 2024 for Jammu and Kashmir, showcasing growth in various vehicle categories.
As per the data, the 2-wheeler category witnessed a growth of 38.46% at 8,723 units in April 2024, as compared to 6,300 units in April 2023 while 3-wheeler category witnessed a growth of 26.67% at 817 units in April 2024 as compared to 645 units in April 2023.
The commercial vehicle category witnessed a growth of 0.83% at 1,211 units in April 2024, as compared to 1,201 units in April 2023, passenger vehicle category witnessed a growth of 29.12% at 4,962 units in April 2024 as compared to 3,843 units in April 2023 while the tractor category witnessed a downfall of -5.02% at 303 units in April 2024 as compared to 319 units in April 2023.
The total retails were 16,016 in April 2024 compared to 12,308 in April 2023, thereby registering an overall growth of 30.13%.
Commenting on how April 2024 performed, FADA Jammu UT Chairperson, Sanjay Aggarwal said, “April 2024 witnessed a growth of 30.13% over corresponding month of previous year. April 2024 recorded multiple segments all-time highs as Two-wheelers (2W), Three-wheelers (3W), Commercial Vehicle (CV), and Passenger Vehicle (PV) showed maximum strength when compared to previous April.”
Aggarwal said, “We are optimistic for the month of May being financial year started with attractive consumer offers by the OEM’s which will further push the sales. In the PV segment, new model launches are set to stimulate customer interest. The appeal of new electric models and sustained demand for conventional vehicles are likely to provide further momentum. The auto industry remains cautiously optimistic about its near-term outlook. Market opportunities exist with rising customer interest in new models.”
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