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 “FADA Releases Feb’21 Vehicle Registration Data”. 

Vehicle sales for Feb 2021

Highlights of the release are as following :

  • February registrations continue to fall by -13.43% YoY.
  • While Tractors continued its positive momentum by growing 18.89% YoY, Passenger Vehicles also showed double digit growth at 10.59% YoY. This growth was majorly due to low base of last year as India had started transitioning from BS-4 to BS-6 emission norms.
  • On a YoY basis, 2W, 3W and CV continued their fall by -16.08%, -49.65% and -29.53% respectively.
  • Passenger vehicle waiting period continued to remain as high as 8 months as scarcity of semiconductors continued to linger around.
  • Dealer inventory for PV and 2W remained in range of 10-15 and 30-35 days.
  • Auto Retail Industry continues to await the fine prints of Voluntary Scrappage Policy.
  • The industry also urges Union Government to intervene and solve the semiconductor issue which is hampering Automobile manufacturing & sales, thus threatening post pandemic economic recovery.

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