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Page 23 - ஆட்டோமொபைல் விநியோகஸ்தர் சங்கங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

India Vehicle Registrations Tumble By 13 43% In February Says FADA

The Federation of Automobile Dealers Associations (FADA) has released Monthly Vehicle Registration Data for February 21. February 21 Registration. The overall auto Registrations continued to fall in double digits by -13.43% YoY in the month of February. Tractor sales continued positive momentum by growing 18.89% YoY while Passenger Vehicles also showed double digit growth at 10.59% YoY. This growth was majorly due to low base of last year as India had started transitioning from BS-4 to BS-6 emission norms. On a YoY basis, 2W, 3W and CV continued their fall by -16.08%, -49.65% and -29.53% respectively. Passenger vehicle waiting period continued to remain as high as 8 months as scarcity of semiconductors continued to linger around. Dealer inventory for PV and 2W remained in range of 10-15 and 30-35 days. Auto Retail Industry continues to await the fine prints of Voluntary Scrappage Policy.

New vehicle registrations down by 13 43% in February 2021

Auto stocks slip after weak FADA data

Read more about Auto stocks slip after weak FADA data on Business Standard. The Nifty Auto index slipped 0.76% to 10,427 after the auto body FADA said automobile registration in February 2021 declined compared with the same period last year.

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