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PV retail sales up 28 pc, two-wheeler registrations drop 35 pc in March: FADA
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Last Updated: Apr 08, 2021, 11:59 AM IST
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According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,277 out of the 1,482 regional transport offices (RTOs), PV sales stood at 2,17,879 units in March 2020. Two-wheeler sales, however, declined 35.26 per cent to 11,95,445 units last month, as compared to 18,46,613 units in March 2020.
Reuters
Total registrations across categories declined by 28.64 per cent to 16,49,678 units last month compared to 23,11,687 units in the year-ago period.
Automobile dealers body FADA on Thursday said passenger vehicle (PV) retail sales in March witnessed a year-on-year growth of 28.39 per cent to 2,79,745 units, as compared to the year-ago period which saw disruptions in the market due to COVID-19 led lockdown.
PV retail sales rise 28%, two-wheeler registrations dip 35% in March: FADA
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PV retail sales rise 28%, two-wheeler registrations dip 35% in March: FADA
PTI / Apr 8, 2021, 11:16 IST
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Commercial vehicle sales fell 42.2% to 67,372 units against 1,16,559 units a year ago. (Representative image)
NEW DELHI: Automobile dealers body FADA on Thursday said passenger vehicle (PV) retail sales in March witnessed a year-on-year growth of 28.39 per cent to 2,79,745 units, as compared to year-ago period which saw disruptions in the market due to Covid-19 led lockdown.
According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,277 out of the 1,482 regional transport offices (RTOs), PV sales stood at 2,17,879 units in March 2020.
YoY vehicle registrations plunged by over 28% in March: FADA
By IANS |
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YoY vehicle registrations plunged by over 28% in March: FADA. (Photo: IANS) Image Source: IANS News
New Delhi, April 8 : India s vehicle registrations declined by 28.64 per cent on a year-on-year (YoY) basis in March 2021.
However, the data released by the Federation of Automobile Dealers Associations (FADA) showed a sequential growth of 10.5 per cent in March.
Accordingly, vehicle registration stood at over 16.49 lakh in March 2021, compared to over 23.11 lakh units reported for the corresponding period of last year and around 14.99 lakh in February 2021.
However, registration of personal vehicles grew by 28.39 per cent on a YoY basis to 2,79,745 units.
The Federation of Automobile Dealers Associations (FADA), apex national body representing automobile dealers in India, on Thursday released monthly vehicle registration data for March 2021.Auto registrations tumbled by 28.64% year on year in March 2021 to 16,49,678 units. However, auto registrations grew 10.05% last month as against February 2021.
Two-wheeler vehicle registrations were at 11,95,445 vehicles (down 35.26% YoY), three-wheeler vehicle registrations were at 38,034 vehicles (down 50.72% YoY), commercial vehicle registrations were at 67,372 vehicles (down 42.2% YoY) in March 2021 over March 2020.
However, the registrations of passenger vehicles stood at 2,79,745 vehicles (up 28.39% YoY) during the period under review. FADA said passenger vehicle waiting period continued to hold its ground and remained as high as 7 months as scarcity of semiconductors remained put. 47% PV dealers said that they lost more than 20% sales due to supply side constraints.