• UGI USER
  • May 09, 2024
  • 20 Likes
  • 0 Comments

DOMESTIC AUTO RETAIL SALES SURGED 27% IN APRIL: FADA

Why in the news?

April witnesses a 27% surge in India’s total vehicle retail sales, with passenger vehicles contributing significantly, reports industry body FADA.

Key Highlights of April Auto Retail Sales:

  • According to industry body FADA, total vehicle retail sales in India experienced a significant increase of 27% year-on-year in April.
  • The total number of vehicle registrations reached 22,06,070 units, marking a notable rise from 17,40,649 units recorded in April 2023.
What is the role of the Federation of Automobile Dealers Associations (FADA)?

  • Established: 1964
  • FADA is the leading national body representing India’s Automobile Retail Industry.
  • Its primary objectives include protecting and promoting the Indian retail automobile market.
  • FADA is a registered body under the Companies Act 1956, ensuring legal recognition and governance.
  • It serves dealers involved in the sale, service, and distribution of a wide range of vehicles, including 2 & 3 Wheelers, Passenger Cars, UVs, Commercial Vehicles, and Tractors.