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October 2026 Auto Sales: Vehicle Sales Decline Amid Festival Shift
Sentiment: NeutralHigh Priority
What Happened?
According to FADA, vehicle sales in October 2026 fell by 23.80% year-on-year to 3.172 million units. The decline is attributed to the timing of festivals, with Diwali occurring in November this year.
Key points
- Total retail sales in October 2026 reached 3,172,466 vehicles, a 25.05% increase from September.
- Two-wheeler sales saw a 28.35% decline year-on-year but increased by 29.67% from September.
- Passenger vehicle sales decreased by 14.23% year-on-year but rose by 18.86% from September.
- Electric vehicle sales hit a record high of approximately 355,000 units, marking a 44.88% increase year-on-year.
- 51.65% of dealers expect sales to rise in November due to upcoming festivals.
Key insights
- The shift of Diwali to November may lead to increased sales in that month.
- Rural demand for two-wheelers has significantly decreased, affecting overall sales.
- Electric vehicles are gaining market share, indicating a shift towards sustainable options.
Why it matters
The decline in sales could impact the automotive market's recovery as festivals approach.
Source
India Today
