In March 2021, total vehicle registrations, which stood at 16,498,678 units, fell by 29%, compared to 23,11,687 vehicles registered in March 2020. The passenger vehicle segment recorded 2,79,745 new registrations .
Passenger vehicle segment recorded 279,745 new registrations in March 2021
The Federation of Automobile Dealers Associations (FADA) released monthly vehicle registration data for March 2021. Last month, total vehicle registrations, which stood at 16,498,678 units, fell by 29%. , compared to 23 11 687 vehicles registered in March 2020. However, compared to 14 99 036 vehicles registered in February 2021, the sector recorded a monthly increase of 10%. In March 2021, the passenger vehicle segment recorded 279,745 new registrations, more than 28% more than 217,879 vehicles registered in March 2020.
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However, last year in March, the transition from BS4 to BS6 and the total blockade of India had a negative impact on auto sales, so PV sales growth is more of an anomaly than something else. However, looking at 254,058 units registered in February 2021, we see a more realistic MoM growth of 10%.
Commenting on the industry’s performance in March 2021, Vinkesh Gulati, President of FADA India, said: “Automatic registrations for the month of March saw a double-digit drop of -28.64% year-on-year, despite 7 days of lockdown last year. Tractors and passenger vehicles were the only two categories that saw healthy double-digit growth. This growth may be associated with multiple factors such as last year’s weak base , the transition from BS-4 to BS-6 and India in full lockdown. The global shortage of wafers, which is an input for semiconductors, continued to persist and kept the PV waiting period so high than 7 months. According to the FADA survey, 47% of PV dealers reported losing more than 20% of their sales due to supply side constraints. “
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At the same time, the two-wheeler segment saw a decline of more than 35% to 11 95,445 in March 2021, from 18,46,613 units registered a year ago in March 2020. However, down from 10.91,288 units registered in February 2021, the segment experienced MoM growth of 9.5%. In contrast, registrations of three-wheeled vehicles amounted to 38,034 units, a decrease of almost 51% compared to the 77,173 vehicles registered in March 2020. The commercial vehicle segment also recorded a drop of 42 year over year. percent to 67,372 units.
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Regarding tractor sales, March 2021 saw 69,082 new registrations, an increase of more than 29% compared to the 53,463 units sold during the same period last year. However, compared to the 61,351 units registered in February 2021, the tractor segment saw MoM growth of 12%.
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