New vehicle registrations dropped by 13 43 per cent in February 2021: FADA timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
Vehicle registrations declined on both sequential and year-on-year (YoY) basis in February 2021.On Tuesday, the data released by the Federation of Automobile Dealers Associations (FADA) showed that vehicle registration declined by 13.43 per .
February Auto Registrations Down 13 4%; Waiting Period for Passenger Vehicles up to 8 Months moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Vehicle sales declined by 13 per cent in February Fuel price hike cited as reason
Vehicle sales have declined 13 per cent in February with the entry level two-wheeler segment sales falling 16 per cent as global crude prices have shot up. However, the passenger vehicle segment saw growth of over 10 per cent because of a low base last year, automobile dealers’ body FADA said on Tuesday.
The two-wheeler segment continued to see sluggish demand as the new wave of Covid in certain states kept customers away. Enquiry levels also narrowed as many educational institutions were still reluctant to open.
“Fuel prices are at their historic high this has affected sales in the entry-level price-sensitive category,” FADA president Vinkesh Gulati said.
Passenger vehicle retail sales rise over 10% in February on low base effect: FADA indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.