Passenger vehicle registrations in the country rose 4.17 per cent In November, the Federation of Automobile Dealers Associations (FADA) said on Tuesday. However, overall vehicle registrations across segments were at 18,27,990 vehicles last month, marking a drop of 19.29 per cent compared with the corresponding period a year ago. The latest data comes amid signs of a pickup in the country's automobile market following months of slowdown caused by the coronavirus pandemic and related restrictions.
With the festive season now over, heavy rains in certain parts of the country leading to crop damage and pent-up demand almost negligible, a demand revival now solely depends on exciting year-end schemes, the industry body said in a statement. Demand may remain subdued after festivals, FADA said.
While commercial vehicle registrations dropped 31.22 per cent last month, two- and three-wheeler registrations slumped 21.40 per cent and 64.98 per cent respectively. Tractors registered an 8.47 per cent gain in registrations in November, according to FADA data.
However, overall vehicle registrations across segments decreased 4.74 per cent in the 42-day festive period, owing to a fall in registrations of commercial vehicles, and two- and three-wheelers.
Passenger vehicle registrations grew 13.60 per cent to 4,31,597 units during this period (from October 17 to November 28), the auto dealers' body said.
Here's how different segments performed in the festive season:
| Segment | Festival Period 2020 | Festival Period 2019 | Change |
|---|---|---|---|
| Two-Wheeler | 19,06,490 | 20,34,999 | -6.31% |
| Three-Wheeler | 34,328 | 86,394 | -60.27% |
| Commercial Vehicle | 69,838 | 89,869 | -22.29% |
| Passenger Vehicle | 4,31,597 | 3,79,924 | 13.60% |
| Tractor | 73,003 | 49,094 | 48.70% |
| Total | 25,15,256 | 26,40,280 | -4.74% |
| (Source: FADA research) | |||
"If the supply chain issues in PV segment is controlled, we may see continued growth in December," it added.
FADA India represents over 15,000 automobile dealers having 26,500 dealerships including multiple associations of automobile dealers at regional, state and city levels representing the entire auto retail industry.
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