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.