Last month, two -wheeler operators of India have reported a huge increase of 8.3737 million units, while passenger vehicles have increased by 8.9 percent.
The monthly vehicle (CV) department of the month, with assistance to e-commerce demand and flat replacement, increased by 8.6% to a relatively good performance with 75,592 units.
The tractor also overtaken with a 30% increase, the support of strong rainfall and rural liquidity. Three wheel and construction equipment, however, fell by 1.3% and 5.5..5% respectively. “Heavy inquiries and bookings were seen in the month, but many families prioritized the conversion in September to align the purchase with GST 1.5 benefits,” said FADA president CS Vigneshwar. He said that the reserves of passenger vehicles have remained up to 56 days in the month. The low GST rates will be applicable from September 1, which has 5%, 5 %> and 5%simplified slabs.
Dealers expect that these reforms, including the festive calendar, are likely to increase the sales of sales in late September. “This demand is not lost, just postponed,” Vigneshwar said, “The cycle of growth can begin in September.
Automachers have already started expanding the schemes that reflect the benefits of GST-Linked price to promote advance booking, making sure that customers can take delivery on auspicious days like Navratri and Durga Pooja.
The FADA dealer survey showed a 63% expected increase in September, and financial stability, low inflation and general monsoon created feelings. India’s GDP is forecast this year.