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
Read more about Shortage of semiconductors, price hikes pull January auto sales into red on Business Standard. Dec had seen sales grow for 1st time this FY, which dealers called a one-off