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As per the data shared by FADA, Vehicle Registrations in FY2021 dipped to the lowest in past 8 years and were down by 30 percent (below FY12-13 levels).
Except for Tractors which grew by 16%, all other categories were in red with 2W, 3W, CV, and PV falling by -32%, -64%, -49%, and -14% respectively, and way below FY13 levels.
Total vehicle registrations for the month of April’21 also plummeted by -28% MoM.
All categories declined with 2W, 3W, PV, Trac and CV falling by -28%, -43%, -25%, -45% and -24% respectively. The 2nd wave of covid has not only created havoc in urban but has also unsettled rural India this time around as demand trend in 1st 9 days of May shows extremely weak consumer sentiment with almost 95% India under lockdown (full as well as partial) except Telangana.
Commenting on how April’21 performed, FADA President, Mr. Vinkesh Gulati said, “India is currently facing one of its toughest times with 2nd wave of covid creating havoc in everyone’s life. This time, the spread is not only limited to urban markets but has also taken rural India in its grasp.
Auto Registrations for the month of April witnessed a double-digit fall to the tune of -28% MoM, as most of the Indian states started going under lockdown (partial as well as full) beginning April 5th onwards. The spread started with Maharashtra followed by Chhattisgarh, Delhi, Rajasthan, and the other Indian States following the suit. Not surprisingly, all categories hence closed the month in red with 2W down by -28%, 3W by -43%, PV by -25%, Tractors by -45%, and CV by -24% respectively on an MoM basis.
Unlike last year, the lockdown this time around has been imposed by State Governments and not the Central. Due to this, there have been no relief announcements which has come out till now either by the Center or RBI and Auto OEMs."
Note: The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. Vehicle Registration Data has been collated as of 08.05.21 in collaboration with the Ministry of Road Transport & Highways, Government of India, and has been gathered from 1,289 out of 1,493 RTOs.