The Federation of Automobile Dealers Associations (FADA) today released Monthly Vehicle Registration Data for March 21. March Auto Registrations continued to fall, sliding by 28.64% year on year (YoY) but recorded a rise of 10.05% month on month (MoM). Tractors and Passenger Vehicles registrations grew 29.21% and 28.39% YoY though the spurt was on a low base.
On YoY basis, 2 wheelers, 3 wheelers and commercial vehicles registrations fell by 35.26%, 50.72% and 42.20% respectively. On MoM basis 2 wheelers, 3 wheelers, commercial vehicles, passenger vehicles and tractors registrations grew by 9.54%, 14.15%, 14,15%, 10,11% and 12.60% respectively. There was no significant change in Dealer inventory days as PV & 2W inventory remained in the range of 10-15 and 30-35 days. FADA noted that the second wave of Covid is not only spreading faster but is also trying to destabilize the growth which India has been able to achieve in last few months.
The Federation of Automobile Dealers Associations (FADA) has released Monthly Vehicle Registration Data for February 21. February 21 Registration. The overall auto Registrations continued to fall in double digits by -13.43% YoY in the month of February. Tractor sales continued positive momentum by growing 18.89% YoY while Passenger Vehicles also showed double digit growth at 10.59% YoY.
This growth was majorly due to low base of last year as India had started transitioning from BS-4 to BS-6 emission norms. On a YoY basis, 2W, 3W and CV continued their fall by -16.08%, -49.65% and -29.53% respectively. Passenger vehicle waiting period continued to remain as high as 8 months as scarcity of semiconductors continued to linger around. Dealer inventory for PV and 2W remained in range of 10-15 and 30-35 days. Auto Retail Industry continues to await the fine prints of Voluntary Scrappage Policy.