Jefferies notes mixed festive auto sales with strong two-wheeler growth and passenger vehicle decline

During the first two weeks of the festive season, vehicle registrations displayed contrasting patterns across categories according to a report by Jefferies. Two-wheeler registrations recorded a sixteen percent increase compared to the previous year, whereas passenger vehicle registrations experienced a six percent decline during this identical timeframe.

The divergence highlights a shift in consumer purchasing behavior between vehicle segments at the start of the festive period. While mass-market two-wheeler buyers increased their activity, passenger vehicle buyers pulled back, reflecting uneven demand trends across consumer tiers.

Market participants and investors should monitor subsequent weekly registration data for the remainder of the festive season to determine if this divergence persists or if passenger vehicle demand recovers.