‘Best ever September’: Auto retail sales surge 32% year-on-year

Auto retail sales in India have seen a significant surge, increasing by 32% year-on-year in September. This is being attributed to festive buying in the first half of the month, steady demand in rural and semi-urban areas, a growing preference for premium motorcycles, and accelerating adoption of electric vehicles. The rise in auto sales is a positive sign for the Indian economy, indicating increased consumer spending and a boost to the manufacturing sector.

Why it matters

Auto retail sales have surged due to festive buying and steady demand. This could lead to increased investor confidence in the sector.

Market impact

Transmission channels

Likely winners & losers

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