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Automobile manufacturers, dealers hail Centre s newly announced vehicle scrappage policy
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Scrappage policy will promote safer, cleaner vehicles, says auto industry
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Indian auto industry, along with its global peers, continues to face issues in the supply of semi-conductors. In fact, commenting on auto sales and registrations during February, two prominent industry bodies highlighted the issue of unavailability of semi-conductors. Ratings agency CRISIL, however, feels the shortfall in semi-conductors would remain till the first quarter of FY2022 before the supply is normalised.
According to data from the Society of Indian Automobile Manufacturers (SIAM) while the sales numbers in February are encouraging, on a cumulative basis, there is a decline. Between April 2020 and February 2021, total 161,42,637 units were sold compared with 197,65,500 units sold in the same period a year ago, it says.
0 Comments The Federation of Automobile Dealers Associations (FADA) has released the monthly vehicle registration data for February 2021, which saw overall sales of 14,99,036 units (Feb 2020: 17,31,628 units) a decline of 13.43 percent year-on-year (YoY). Interestingly, the tractor segment continues to report robust growth, while the passenger vehicle (PV) sales were in the green albeit a low-year ago base.
Passenger vehicles sales up 10.59 percent year on year
Two-wheeler segment down by 16.08 percent YoY
Semi-conductor shortages impacting vehicle demand
Shortage of semi-conductor can impact demand momentum Commenting on the auto retail sales number, Vinkesh Gulati, president, FADA said, “Auto registrations continued to fall in double digits by -13.43 percent YoY in the month of February. While tractors maintained their outperformance compared to the broader market, passenger vehicles witnessed double digit growth on
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.
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