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Passenger Vehicle Registrations Grow 24 y o y In Dec FADA -ANI

Automobile registrations across the country grew by 11 per cent in December from the year-ago period with passenger vehicles marking a growth of 24 per cent, the Federation of Automobile Dealers Association (FADA) said on Monday. FADA President Vinkesh Gulati said automobile registrations for the first time witnessed year-on-year growth in this financial year. A good crop season, better offers in two-wheeler segment, new launches and prospect of a price increase in January kept the demand going. However, supply-side issues in passenger vehicles continued for the second straight month, thus making waiting period as high as eight months in select OEM vehicles, he said.

Auto retail expected to log YoY growth from April 2021: FADA

Auto retail expected to log YoY growth from April 2021: FADA ​ By Rohit Vaid ( IANS) | Published on ​ Tue, Dec 29 2020 18:36 IST | ​ 0 Views Auto retail expected to log YoY growth from April 2021: FADA Image Source: IANS News New Delhi, Dec 29 : India s pandemic-battered automobile retail segment is expected to log year-on-year (YoY) growth only from April 2021, Federation of Automobile Dealers Associations President Vinkesh Gulati said. In a conversation with IANS, he said that he expected continuation of the month-on-month growth during the first quarter of CY2021, but not a YoY uptrend. JFM (January-February-March) quarter last year saw high registrations due to BS-4 sunset date of March 31. While the industry may continue to see MoM growth, we will definitely not see YoY growth or even similar numbers in the first quarter of CY21, Gulati said.

House panel seeks cover for car dealers

House panel seeks cover for car dealers The Federation of Automobile Dealers Association has been lobbying for a franchise protection act after Harley Davidson pulled out of the country leaving its dealers in the lurch The Parliamentary Standing Committee (PSC) headed by K. Keshava Rao has recommended that the government should come out with a franchise protection act for auto dealers. This recommendation was part of suggestions made by the committee in its report “Downturn in automobile sector its impact and measures for revival”. The Federation of Automobile Dealers Association (FADA) has been lobbying for a franchise protection act after Harley Davidson pulled out of the country leaving its dealers in the lurch.

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