Almost half (46%) of the auto dealers surveyed are optimistic about further growth, while 43% expect sales to remain steady. However, 11% foresee a potential decline, signaling a somewhat cautious outlook. Many industry players are hopeful for stable or slightly increased sales in February, fueled by government policy support and a potential boost in consumer sentiment following the Union Budget.

According to FADA, all vehicle categories saw positive growth in January. Two-wheeler sales increased by 4.15%, driven by the wedding season demand, new model launches, and better financing options. The three-wheeler segment grew by 6.8%, and passenger vehicle sales recorded a notable 15.53% YoY rise.

In the commercial vehicle segment, sales expanded by 8.22%, supported by higher freight rates and strong passenger carrier demand. However, the sector still faces challenges, including sluggish activity in key industries such as cement, coal, and infrastructure, as well as stringent financing policies.

Tractor sales also showed resilience with a 5% increase YoY, particularly indicating consistent demand from rural areas. Notably, urban passenger vehicle sales increased slightly from 60.8% to 61.8%, while rural markets saw a stronger boost, up by 18.57% YoY compared to 13.72% in urban regions.

Looking ahead, FADA remains cautiously optimistic about February. While many dealers anticipate stable or rising sales, the industry’s path could be impacted by challenges such as rural financial constraints and weak demand in certain sectors. Nonetheless, government policies and seasonal demand could provide some much-needed support to the auto retail market in the coming months.

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The announcement came during a meeting of the Uttarakhand Investment and Infrastructure Development Board (UIIDB) at the Secretariat on Wednesday. CM Dhami expressed that the state government was fully prepared to roll out the UCC, fulfilling a key resolution passed earlier.

Reflecting on the decision, the Chief Minister noted that in the first cabinet meeting of the newly-formed government in March 2022, it was resolved to form an expert committee to study and recommend the implementation of the UCC in Uttarakhand. Following this, a five-member expert committee, led by retired judge Ranjana Prakash Desai, was established to explore the matter. Based on their recommendations, the Uniform Civil Code Bill 2024 was passed by the State Legislative Assembly on February 7, 2024.

The bill later received assent from the President, with the notification issued on March 12, 2024. In preparation for its implementation, the state government also finalised the rules under the Uniform Civil Code, Uttarakhand 2024 Act, ensuring a smooth transition for the law’s enforcement.

CM Dhami directed officials to ensure proper training for personnel responsible for the implementation of the UCC provisions and to provide all necessary facilities for its smooth rollout. Additionally, he stressed the importance of maximizing online services to facilitate public convenience.

To further ease the process, a dedicated portal and mobile app have been developed, enabling the public to access services like registration and appeals online.

The Chief Minister reaffirmed that the State Uniform Civil Code will be implemented in January 2025, underscoring that the law aligns with the principles of “Sabka Saath, Sabka Vikas, Sabka Vishwas” and would usher in transformative changes for society. He highlighted that the UCC would particularly empower women and children in Uttarakhand, creating new opportunities for their growth and development.

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