Vehicle registration rose 15% in August 2021, but lags 2019 volumes: FADA

Recovery patchy for two-wheelers, dragged down by low entry-level demand

Vehicle registrations across categories rose 15 per cent year-on-year (YoY) in August, but lagged by a similar number when compared with the corresponding month in 2019, the Federation of Automobile Dealers Association (FADA) said on Tuesday.
 
Two-wheeler registrations, especially, remained a cause for concern as they advanced just 6.66 per cent YoY, despite the low base of last year. They were dragged down by the entry-level segment, reflecting the weakness in purchasing power. To put this in context, two-wheeler registrations saw a 22.62 per cent decline when compared with August 2019 numbers. It also dipped month-on-month, falling to 976,051