Auto Stocks In Top Gear As Brokerages Positive On The Sector moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Read more about Auto shares climb after encouraging FADA data on Business Standard. Shares of eight auto companies advanced after automobile registrations witnessed positive year-on-year (YoY) growth in December 2020.
Passenger vehicle retail sales up 24% in December: FADA
According to the Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,18,775 units in December 2019
PTI | January 11, 2021 | Updated 15:02 IST
Automobile dealers body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 2,71,249 units.
According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,270 out of the 1,477 regional transport offices (RTOs), PV sales stood at 2,18,775 units in December 2019.
Two-wheeler sales increased 11.88 per cent to 14,24,620 units last month, as compared to 12,73,318 units in December 2019.
Commercial vehicle sales, however, slipped 13.52 per cent to 51,454 units in December 2020, as against 59,497 units a year ago.
Dec auto registrations log positive growth, first time in FY21 daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Automakers end 2020 on a positive note; register 11 per cent overall retail sales growth in December
Automakers end 2020 on a positive note; register 11 per cent overall retail sales growth in December: FADA report
A good crop season better offers in the two-wheeler segment, new launches both in passenger vehicles as well as two-wheelers, and fear of price increase in the month of January kept the demand going.
advertisement
UPDATED: January 11, 2021 19:45 IST
While two-wheeler, passenger vehicles and tractor categories grow by 11.8 per cent, 24 per cent and 35.5 per cent Year-on-Year (Y-o-Y) respectively, the CV and three-wheeler continues to fall by 13.5 per cent and 52.7 per cent (Y-o-Y) respectively.