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Read more about Auto stocks slip after weak FADA data on Business Standard. The Nifty Auto index slipped 0.76% to 10,427 after the auto body FADA said automobile registration in February 2021 declined compared with the same period last year. ....
Low base pushes passenger vehicle retail sales up 10.6% in Feb; two-wheelers down 16.08% Sales had grown for the first time in this fiscal in December only to decline again in January Sumant Banerji | March 10, 2021 | Updated 23:45 IST Data collated by Federation of Automobile Dealers Association showed passenger vehicles registered sales of 254,058 units last month, which indicated clear momentum in the revival story Retail sales in passenger vehicles grew by a robust 10.59 percent in February helped by a low base of last year when the market was getting ready for the transition from BS IV to BS VI emissions regime. Sustained weakness in two-wheelers, which declined by over 16 percent however pushed the overall automobile sales down by 13.43 percent. ....
New vehicle registrations dropped by 13.43 per cent in February 2021: FADA timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.