FADA Festive Sales: PV Registrations Sink 22% To 1.83 Lakh Units In Subdued Navratri, EV Retails Jump 27%
Indian markets moved lower in an energy transition development.
· NDTV Profit
Passenger vehicle registrations fell nearly 22% during Navratri 2026, while overall vehicle registrations declined 6.52% year on year. Electric vehicle retail sales bucked the trend, rising 26.78%, according to provisional data from FADA.
The analysis
The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- The immediate tone of coverage reads negative.
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