Vehicle registration falls 16% across categories in December: FADA

Poor demands plagues two-wheelers, chip shortage derails PV sales; dealer body cautious of road ahead as various state govts once again announce Covid curbs

Vehicle registration across all categories fell 16.05 per cent year-on-year in December to 1,558,756 units, Federation of Automobile Dealers Association (FADA) said on Wednesday. Two-wheelers, which saw a sharp decline of 19.86 per cent, dragged the overall registration volumes, the apex body said. When compared with December 2019, the retail sales (registration) dropped 6.30 per cent YoY.

The dealer body remains cautious of the road ahead amid various state governments once again announcing Covid restrictions. Work and education from home have resumed and will have a negative effect for auto retail. With the fear of health care expenses rising again,