Between April 2020 and March 2021, 2,82330 vehicles were registered in Maharashtra. However, compared to the previous year, registrations were down 6 percent. Nine of India’s top ten states reported a year-over-year decline in vehicle registrations.
9 of India’s top 10 states with highest vehicle registrations reported year-on-year decline
According to recent data released by Jato Dynamics India, the provider of automotive analysis and analysis, Maharashtra led the rankings for the highest new vehicle registrations in April 2021. The data, which is said to have been pulled from from the Department of Transportation’s Vahan Portal, show that 2,82330 vehicles were registered in Maharashtra between April 2020 and May 2021. However, compared to FY2020, new vehicle registrations in the state were down 6 percent. In fact, 9 of India’s top 10 states, with the highest vehicle registrations, reported year-over-year declines.
Read also: Auto Sales April 2021: Industry Records 30.18 Percent MoM Drop Amid COVID-19 Crisis
9 of the 10 best states by passenger vehicle #recording volumes showed a decrease in FY2021 on an annual basis. Vehicle registrations indicate # Vehicles delivered to customers by car dealerships and are a key indicator for retailers. pic.twitter.com/CmqzXPtvSr
– JATO Dynamics India (@JATOIndia) May 10, 2021
By the way, Karnataka, which occupies the fourth position, was the only state that did not experience any decline or growth in vehicle registrations. A total of 1,81,143 vehicles were registered in the state in fiscal year 2021. That said, second place after Maharashtra was taken by Uttar Pradesh which reported an 11% drop in new registrations. to 2.59,510 units. Gujarat, which ranks third with 2,557 units, also recorded an 11% drop in new vehicle registrations.
Read also: Vehicle registrations at the lowest for 8 years: FADA report
In fifth place we have Kerala, which experienced the largest drop of 15% in new vehicle registrations, among the top 10, with 1,633,186 units. Followed by Tamil Nadu, which recorded 1,56,844 registrations and a 14% year-on-year decline. Haryana, Rajasthan and Delhi, all three experienced a 13% drop in new vehicle registrations, with 1,45,646 units, 1,35,172 units and 1,27,936 units, respectively. Finally, the Punjab took tenth place with 88,513 new registrations, with a drop of 14%.
Read also: Passenger vehicle registrations saw a 26% MoM drop in April 2021: Jato India
Now the simple reason these states are seeing YoY decline is the COVID-19 pandemic. As the auto industry faced one of the biggest downturns of fiscal 2020, with the COVID-19 pandemic and the resulting lockdown, conditions were tough during the coming fiscal year. ended March 31, 2021. In April 2020, the industry for the very first time reported zero production and zero sale, and the thing only started moving towards the end of May 2020. Although The numbers are far from the pre-COVID era, the industry quickly got back on track, which is commendable.
For the latest automotive news and reviews, follow TBEN.com on Twitter, Facebook and subscribe to our YouTube channel.