New Delhi: Automobile sellers’ physique FADA on Tuesday mentioned passenger vehicle (PV) retail sales in February witnessed a rise of 10.59 per cent to 2,54,058 models on account of low base of final yr.
According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration knowledge from 1,274 out of the 1,481 regional transport workplaces (RTOs), PV sales stood at 2,29,734 models in February 2020.
Two-wheeler sales nonetheless declined 16.08 per cent to 10,91,288 models final month, as in comparison with 13,00,364 models in February 2020.
Commercial vehicle sales additionally slipped 29.53 per cent to 59,020 models, as towards 83,751 models a yr in the past.
Similarly, three-wheeler sales fell 49.65 per cent to 33,319 models final month, from 66,177 models in the year-ago interval.
Tractor sales, nonetheless, grew by 18.89 per cent to 61,351 models final month, towards 51,602 models in the identical month final yr.
Total sales throughout classes declined 13.43 per cent to 14,99,036 models, final month in comparison with 17,31,628 models in the year-ago interval.
Commenting on the sales knowledge, FADA President Vinkesh Gulati mentioned the passenger vehicle sales witnessed double-digit development final month on the low base of final yr.
Sales had dropped in February final yr because the transition course of from BS-IV to BS-VI emission norms had begun in the course of the interval.
“Besides the global semiconductor outrage kept the waiting period of passenger vehicles as high as eight months. FADA survey showed that 50 per cent dealers lost over 20 per cent sales due to non-availability of vehicles,” Gulati mentioned.
Two-wheelers continued to see sluggish demand as the brand new wave of COVID-19 in sure states saved clients away, he added.
Besides, excessive gas costs have additionally led to sluggish sales in the phase, Gulati mentioned.
Commenting on industrial vehicle registrations he famous that offtakes proceed to be impacted on account of financing points and ?negligible sales of passenger buses on account of closure of instructional institutes.
Besides, provide aspect constraints have additionally impacted the registrations, Gulati mentioned.
On outlook, he mentioned that top gas costs would proceed to negatively affect on two-wheeler and industrial vehicle sales.
“The Federation also urges the Union Government to hold diplomatic discussions with countries manufacturing semiconductors (Taiwan and other similar countries) so that the momentum which was built so far in auto sales is not lost and the industry continues to fuel the recovery process,” Gulati mentioned.
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Overall, FADA continues to stay guarded in its optimism for vehicle registrations in March, he added.
