FADA April'26 Vehicle Retail Hits Record High

FADA reports best-ever April retail with 2.61M units, up 12.94% YoY, led by tractor growth at 23.22% and CVs at 15.02%.
Rural demand outperformed urban across categories, with PV rural growth at 20.40% YoY versus urban 7.11%.
Dealer sentiment for May is cautiously optimistic with 55.60% expecting growth, supported by marriage season and new FY schemes.
EV transition deepened with 3W EV share at 60.38%, PV EV at 5.77%, and 2W EV normalizing to 7.76% post-March spike.