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Bengaluru, 8th January 2025:The Federation of Automobile Dealers Associations (FADA)releasedVehicle Retail Data for CY’24 & Dec’24for theState of Karnataka.
Chart showing Vehicle Retail Data for CY’24 & Dec’24
All India Vehicle Retail Data for CY’24
|
CATEGORY
|
CY’24
|
CY’23
|
YoY %
|
|
2W
|
1,89,12,959
|
1,70,72,932
|
10.78%
|
|
3W
|
12,21,909
|
11,05,942
|
10.49%
|
|
CV
|
10,04,856
|
10,04,120
|
0.07%
|
|
PV
|
40,73,843
|
38,73,381
|
5.18%
|
|
TRAC
|
8,94,112
|
8,71,918
|
2.55%
|
|
Total
|
2,61,07,679
|
2,39,28,293
|
9.11%
|
Source:FADA Research
All India Vehicle Retail Data for Dec’24
|
CATEGORY
|
DEC’24
|
DEC’23
|
YoY %
|
|
2W
|
11,97,742
|
14,54,353
|
-17.64%
|
|
3W
|
93,892
|
98,384
|
-4.57%
|
|
CV
|
72,028
|
76,010
|
-5.24%
|
|
PV
|
2,93,465
|
2,99,351
|
-1.97%
|
|
TRAC
|
99,292
|
78,944
|
25.78%
|
|
Total
|
17,56,419
|
20,07,042
|
-12.49%
|
Source:FADA Research
Karnataka Vehicle Retail Data for CY’24
|
KARNATAKA
|
|||
|
CATEGORY
|
CY’24
|
CY’23
|
YoY %
|
|
2W
|
13,45,430
|
12,25,377
|
9.80%
|
|
3W
|
73,895
|
59,020
|
25.20%
|
|
CV
|
80,481
|
80,532
|
-0.06%
|
|
PV
|
3,18,153
|
3,09,720
|
2.72%
|
|
TRAC
|
54,149
|
56,187
|
-3.63%
|
|
Total
|
18,72,108
|
17,30,836
|
8.16%
|
Source:FADA Research
Karnataka Vehicle Retail Data for Dec’24
|
KARNATAKA
|
|||
|
CATEGORY
|
DEC’24
|
DEC’23
|
YoY %
|
|
2W
|
74,671
|
92,583
|
-19.35%
|
|
3W
|
4,266
|
4,368
|
-2.34%
|
|
CV
|
5,300
|
6,913
|
-23.33%
|
|
PV
|
20,965
|
24,086
|
-12.96%
|
|
TRAC
|
5,329
|
5,090
|
4.70%
|
|
Total
|
1,10,531
|
1,33,040
|
-16.92%
|
Source:FADA Research
Disclaimer:
- The All India numbers above do not have figures from TS & LD.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
CY’24 & Dec’24 Retails
Commenting on how CY’24 & Dec’24 performed, FADA Karnataka State Chairperson,Mr Dharma Teja Gsaid,“While the overall Calendar year 2024 showed decent growth across segments, the month of Dec 2024 was a dampener for the Auto industry in Karnataka. Dealer are facing continued pressure from slower demand post Diwali and mounting pressure of Inventory. With the cost of products increasing, and the macroeconomic indicators slowing down, dealers are sceptical of high growth numbers. Dealers are expecting OEMֱ to take a note of existing inventory and take corrective measures in line with the demand.”
