Motown's slow ride: Car sales in Gujarat hit speed bump in H1 of 2024

Postponement of Ratha Yatra, unforgiving summer, election season led to saturation

Gujarat has reported stagnant retail car sales in H12024, which was in stark contrast to the 8 per cent year-on-year (Y-o-Y) growth the state witnessed in H12023.

According to data provided by Jato Dynamics, and reviewed by Business Standard, 160,423 units were sold in Gujarat in H12024, a 0.1 per cent year-on-year (Y-o-Y) increase. 

During the same time period, however, the Y-o-Y growth in the other major six states -- Maharashtra, Uttar Pradesh, Karnataka, Haryana, Tamil Nadu and Rajasthan -- stood between six and 13 per cent, data showed.

According to auto executives, dealers and sector experts,