04-08-2021 04:25 PM | Source: IANS
YoY vehicle registrations plunged by over 28% in March: FADA
India's vehicle registrations declined by 28.64 per cent on a year-on-year (YoY) basis in March 2021.
However, the data released by the Federation of Automobile Dealers Associations (FADA) showed a sequential growth of 10.5 per cent in March.
Accordingly, vehicle registration stood at over 16.49 lakh in March 2021, compared to over 23.11 lakh units reported for the corresponding period of last year and around 14.99 lakh in February 2021.
However, registration of personal vehicles grew by 28.39 per cent on a YoY basis to 2,79,745 units.
Similarly, tractor registration rose 29.21 per cent on a YoY basis in February to 69,082 units.
In contrast, two-wheeler registration fell by 35.26 per cent to over 11.95 lakh units.
Latest News
Insurance Sector Update : Motor drags down overall g...
Sell Gold Below 72700 SL Above 72950 TGT 72400/72100...
Wipro shares nosedived over 9 pc after missed earnin...
Economic Survey links mental health disorders with '...
India's GDP growth for FY25 to surpass Economic Surv...
Evening Roundup : A Daily Report on Bullion Energy &...
FIIs stood as net buyers in equities as per July 22 ...
Union Budget: Experts urge government to remove 18 ...
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
Sensex ends lower ahead of Union Budget 2024-25