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Auto registrations tumble 32 pc in April due to Covid lockdowns

Auto registrations tumble 32 pc in April due to Covid lockdowns
ANI |
Updated: May 10, 2021 11:09 IST
New Delhi [India], May 10 (ANI): Automobile registrations across the country dropped by 32 per cent last month as compared to April 2019 with passenger vehicles showing a decline of over 11 per cent, the Federation of Automobile Dealers Association (FADA) said on Monday.
FADA President Vinkesh Gulati said the second wave of Covid-19 is spreading beyond urban areas to rural belts, resulting in falling registrations across the country.
India is currently facing one of its toughest times with the second wave of Covid creating a havoc, he said.
Data released by FADA showed three-wheeler registrations were down by 55.59 per cent with 21,636 registrations in April 2021 compared to 48,722 in April 2019. ....

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Market Wrap Podcast, May 10: Here's all that happened in the markets today

A sharp drop in daily Covid-19 cases perked up bulls on Dalal Street on Monday as investors hoped for a sooner-than-expected taper down of the second wave. However, even though the new case count, at over 366,000 and 3,754 deaths, were off a little from recent peak, it came on the back of 1.47 million tests for Covid-19 which were this month s lowest yet.
Nonetheless, domestic equity indices started gap-up and remained parked near the day s high level for the better part of the day. Among the frontline indices, the BSE barometer of 30-shares hit an intra-day high of 49,617 before ending the session at 49,502 levels, up 296 points or 0.6 per cent. About seven of the 30 constituents ended the day in the red including UltraTech Cement, Infosys, HCL Tech, Reliance Industries, Asian Paints, Bajaj Finserv, and Axis Bank. The stocks declined up to 1.3 per cent. ....

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Lockdowns drag down vehicle registration to 9-month low in April: FADA

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Auto dealers predict slow sales recovery as Covid spreads to rural areas

India s leading automobile dealers association on Monday said sales will take longer to recover than they did after the first wave of Covid-19 infections last year as the virus spreads to villages and smaller towns.
Auto sales, especially cars and sport-utility vehicles (SUVs), bounced back strongly last year as buyers rushed to buy private vehicles to ensure safety and maintain social distance.
With infections now spreading to rural areas, a recovery is expected to take longer, the Federation of Automobile Dealers Association (FADA) said. The association said it expects sales to return to their peak levels of March 2019 only by fiscal year 2023 - about two years from now. ....

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India auto registrations tumble in April due to Covid lockdowns

Passenger vehicle registrations edged lower by 11.56 per cent compared to 2019
Published:
May 10, 2021 19:02
ANI
A Tata Harrier SUV. Automobile registrations across India dropped by 32 per cent in April.
Image Credit: Supplied
Automobile registrations across India dropped by 32 per cent last month as compared to April 2019 with passenger vehicles showing a decline of over 11 per cent, the Federation of Automobile Dealers Association (FADA) said on Monday.
FADA President Vinkesh Gulati said the second wave of Covid-19 is spreading beyond urban areas to rural belts, resulting in falling registrations across the country.
India is currently facing one of its toughest times with the second wave of Covid creating a havoc, he said. ....

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