The total number of registered vehicles in March 2021 was 16,49,678, a decrease of 29% from 23,11,687 registered in March 2020. In the passenger car segment, there were 2,79,745 new registrations.
In the passenger car segment, there were 2,79,745 new registrations in March 2021.
The Federation of Automobile Dealers Associations (FADA) has released monthly vehicle registration data for March 2021. Last month, the total number of registered vehicles was 16,49,678, a decrease of 29% from the 23,11,687 registered in March 2020. .. However, the industry saw a 10% monthly increase compared to 14,99,036 vehicles registered in February 2021. In March 2021, the number of new passenger car segments registered was 2,79,745, more than 28% higher than the 2,17,879 registered in March 2020.
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However, the transition from BS4 to BS6 in March last year and the complete blockade of India had a negative impact on car sales, so PV sales growth is the most unusual. However, looking at the 2,54,058 units registered in February 2021, we see a more realistic MoM growth of 10%.
Vinkesh Gulati, President of FADA India, commented on the industry’s performance in March 2021: Only tractors and passenger cars were the two categories with strong double-digit growth. This growth may be related to multiple factors, including last year’s lows, the transition from BS-4 to BS-6, and India’s complete blockade. The global shortage of wafers, which are semiconductor inputs, has continued for a long time, and the PV standby period has reached as long as 7 months. According to a FADA survey, 47% of PV dealers said they lost more than 20% of their sales due to supply constraints. .. “
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At the same time, the motorcycle segment decreased by more than 35% to 11,95,445 units in March 2021 from 18,46,613 units registered a year ago in March 2020. However, in February 2021, MoM growth in this segment was 9.5% compared to the registered 10,91,288 units. On the other hand, the number of registered tricycles was 38,034, a decrease of nearly 51% from 77,173 registered in March 2020. At the same time, the commercial vehicle segment decreased by 42 units year-on-year. Percentage with 67,372 units.
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Regarding tractor sales, there were 69,082 new registrations in March 2021, an increase of more than 29% compared to 53,463 units sold in the same period last year. However, MoM in the tractor segment increased by 12% compared to 61,351 units registered in February 2021.
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New car registrations will decrease by 29% in March 2021. 10% MoM growth seen in February 2021
Source link New car registrations will decrease by 29% in March 2021. 10% MoM growth seen in February 2021