New vehicle registrations grew by 11 per cent in December 2020: FADA Updated Jan 11, 2021 | 13:04 IST
According to FADA, new four-wheeler registrations grew by 24 per cent while two-wheeler registrations increased by 11.8 per cent last month as compared to December 2019. New vehicle registrations grew by 11 per cent in December 2020: FADA
Key Highlights
The four-wheeler registrations grew by 24 per cent in December 2020
FADA expecting a bleak automobile demand in January 2021
2020 was a challenging year for the Indian automobile industry, to say the least. The COVID-19 induced lockdown saw production and sales dropping to zero for the first time in decades and the sales only showed signs of revival in the latter half. However, the year ended on a good note as most automakers reported year-on-year sales growth. The same sentiment is evident by the Federation of Automobile Dealers Associations; as per FADA, the vehicle registrations in December 2020
New Delhi, Jan 11: Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99
(Representative image)
NEW DELHI: 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.
Similarly, three-wheeler sales fell 52.75 per cent to 27,715 units last month, from 58,651 units in December 2019.