Vehicle registrations dip 26.81% YoY in August; PV sales down 7%
Apex national body of automobile retail industry said overall demand is still not equal to pre-COVID levels, as despite abundant liquidity, risk-averse mood of banks and NBFCs, coupled with stricter CIBIL scores, failed to capture the demand in August
- Sep 9, 2020,
- Updated Sep 9, 2020 4:43 PM IST
Even as vehicle retail registrations declined 26.81 per cent year-on-year to 11,88,087 units in August, an improvement on month-on-month basis was seen owing to uptick in bookings in the wake of ongoing festivities, the data released by Federation of Automobile Dealers Associations (FADA) stated on Wednesday.
On the basis of yearly comparison, two-wheeler registrations declined 28.71 per cent, three-wheelers sales declined by 69.51 per cent; commercial vehicles by 57.39 per cent; and passenger vehicles by 7.12 per cent.
Even as vehicle retail registrations declined 26.81 per cent year-on-year to 11,88,087 units in August, an improvement on month-on-month basis was seen owing to uptick in bookings in the wake of ongoing festivities, the data released by Federation of Automobile Dealers Associations (FADA) stated on Wednesday.
On the basis of yearly comparison, two-wheeler registrations declined 28.71 per cent, three-wheelers sales declined by 69.51 per cent; commercial vehicles by 57.39 per cent; and passenger vehicles by 7.12 per cent.