After showing a one-time year-on-year growth in December 2020, retail auto sales have slipped back into the negative zone during the month of January 2021.
India’s plan to take millions of old gas-guzzling cars and pollution-belching trucks and buses off the roads may be stymied by a lack of incentives for owners and infrastructure to recycle the vehicles.
As part of efforts to tackle the nation’s life-shortening air pollution, cars more than 20 years old and commercial vehicles more than 15 years old will need to undergo fitness tests, Finance Minister Nirmala Sitharaman said in the Feb. 1 budget. The program could cover around 5.2 million passenger vehicles and 3.7 million commercial vehicles, according to the Federation of Automobile Dealers Associations.
Automakers are also counting on the plan to boost sales, which have been smashed by a widespread fall in demand amid the pandemic-induced recession, and after lockdowns shuttered showrooms and factories last year.
Dealer inventory for passenger vehicles continued to fall and came down in the range of 10-15 days, two-wheeler inventory stayed put at 30-35 days. - Overdrive
Vehicle registrations in India record nearly 10% year-on-year decline in January 2021 Updated Feb 09, 2021 | 14:03 IST
Out of all the segments, three-wheelers was the worst hit it recorded a y-o-y degrowth of 51.31 per cent last month. Vehicle registrations in India record nearly 10% year-on-year decline in January 2021
After struggling with extraordinarily difficult circumstances for nearly the entirety of 2020, the Indian automobile industry was able to breathe a sigh of relief in December 2020. Why? Because after the coronavirus pandemic nearly decimated sales, the industry finally seemed to have finally bounced back and record some growth in December 2020. Turns out, it may just have been a one-off because January 2021 vehicle registration figures are in and we are back to staring at a grim picture. Yep, according to the new set of numbers for January 2021 released by the Federation of Automobile Dealers Associations, vehicle registrations across