The Federation of Automobile Dealers Associations (FADA) has released the monthly vehicle registration data for November 2020. In the period, the Indian automotive saw overall registrations drop by 19.29% year-on-year. However, the passenger vehicle sector saw growth of 4.17% having sold 2,91,001 units compared to 2,79,365 units from November 2019. Additionally, the tractor sector continues to grow seeing more registrations from last year. However, the two-wheeler, 3-wheeler and commercial vehicle sectors each saw a significant slump in registrations.
The two-wheeler sector in India saw 14,13,378 registrations in November 2020. When compared to 17,98,201 registrations in November 2019, the sector saw a year-on-year drop of 21.4%. The three-wheeler industry saw the most significant de-growth of all, recording a year on year decline of 64.98%. In November 2020, 24,185 three-wheelers were registered compared to 69,056 units in the same period in 2019.
The commercial vehicle sector saw fewer registrations since last year. With 50,113 registrations in November 2020, the sector declined by 31.22%. In November 2019, a total of 72,683 registrations were recorded by FADA.
The tractor industry has continued its upward trajectory in November 2020 seeing 49,313 registrations compared to 45,462 registrations from November last year. The sector grew by 8.47%.
However, month-on-month, vehicle registrations were up by 29.3% as in October 2020, fewer vehicle registrations were recorded. Additionally, when isolating the 42-day festive period, vehicle registrations saw de-growth of 4.74%. However, FADA claims that the auto sector saw good traction in the festive period as the performance was positive when compared to projections and expectations.
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