Passenger vehicle retail sales shot up 35% year-on-year during the nine-day Navratri period this year, marking one of the strongest festive starts for the auto industry and setting the tone for what dealers expect to be a record-breaking Diwali season.
According to data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday, passenger vehicle (PV) retails rose to 2,17,744 units during the period, up from 1,61,443 units last year, as festive fervour met the rollout of lower GST rates, unleashing pent-up demand.
FADA said the sharp surge in Navratri sales helped overall September passenger vehicle registrations grow 6% to 2,99,369 units from 2,82,945 units a year ago. The first three weeks of the month had been largely subdued, as customers delayed purchases in ant