Vehicle registrations fall by over 13 pc in Feb: FADA ANI | Updated: Mar 09, 2021 13:56 IST
New Delhi [India], March 9 (ANI): Automobile registrations across the country dropped by more than 13 per cent in February from the year-ago period with passenger vehicles marking a fall of 10.6 per cent, the Federation of Automobile Dealers Association (FADA) said on Tuesday.
FADA President Vinkesh Gulati said the fuel consumption, which had almost recovered from the lows of pandemic is once again witnessing headwinds due to historic price hikes. Consumer spending, which is the driving force behind India s economy and accounting for 60 per cent of the GDP, fell 2.4 per cent showing signs of sluggishness. This also reflects that consumers are still uncertain and worried about their income and cautious about spending, he said.