Passenger Vehicle Registrations Rise 28% In March, Says Industry Body

Tractors continued its dream run as rural incomes saw improvements after successive monsoons and good rabi produce.

Registration of passenger vehicles rose by 28.39 per cent in March 2021 from the same month last year and tractor registrations advanced by 29.21 per cent on low base last year, industry body Federation Of Automobile Dealers Associations (FADA) said in a press release. However, overall auto registrations fell by 28.64 per cent year-on-year (YoY) but grew 10.05 per cent on a monthly basis. On an annual basis, two-wheeler, thee-wheeler and commercial vehicle unrelentingly fell by 35.26 per cent, 50.72 per cent and 42.20 per cent respectively. "Passenger vehicle waiting period continued to hold its ground and remained as high as 7 months as scarcity of semiconductors remained put. 47 per cent PV dealers said that they lost more than 20 per cent sales due to supply side constraints," FADA President, Mr. Vinkesh Gulati said in a statement