Registration of passenger automobiles rose by 28.39 per cent in March 2021 from the identical month final yr and tractor registrations superior by 29.21 per cent on low base final yr, business physique Federation Of Automobile Dealers Associations (FADA) mentioned in a press launch. However, total auto registrations fell by 28.64 per cent year-on-year (YoY) however grew 10.05 per cent on a month-to-month foundation.
On an annual foundation, two-wheeler, thee-wheeler and business automobile unrelentingly fell by 35.26 per cent, 50.72 per cent and 42.20 per cent respectively.
“Passenger vehicle waiting period continued to hold its ground and remained as high as 7 months as scarcity of semiconductors remained put. 47 per cent PV dealers said that they lost more than 20 per cent sales due to supply side constraints,” FADA President, Mr. Vinkesh Gulati mentioned in an announcement
Tractors continued its dream run as rural incomes noticed enhancements after successive monsoons and good rabi produce.
The month of April comes with festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh. This coupled with marriage season is mostly a excessive gross sales interval. At this juncture, the second wave of Covid isn’t solely spreading quicker however can be making an attempt to destabilize the expansion which India has been capable of obtain in previous couple of months. Any lockdown at this level will severely hamper the momentum which is getting constructed for auto business to return out of the woods. Overall, FADA maintains excessive warning for the month of April as Covid rises to new highs, FADA added.
