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.
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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.
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