FADA Releases New Vehicle Registration Data For January 2020

Recently, the Federation of Automobile Dealers Association (FADA) has released the Monthly Vehicle Registration Data for the previous month. Commenting on how the Indian auto sector performed in the first month of 2021, FADA President, Mr. Vinkesh Gulati said;

“After witnessing a one off growth in December, January Auto Registrations fell once again by ~10% YoY. Auto Industry clearly misjudged the demand which returned post lockdown. Industry’s under estimation of post-covid rebound along with chipmakers prioritizing higher-volume and more lucrative consumer electronics market has created a vacuum for semiconductors. This has resulted in shortage in supply for all categories of vehicles especially Passenger Vehicles even though enquiry levels and bookings remained high. New launches and SUV’s continued to see high traction and helped in restricting the overall PV registrations fall by a bigger margin.

The recent price hike undertaken by Auto OEMs also added to woos as Two Wheeler have become more expensive for lower and middle income class. Commercial Vehicle registrations were also hit due to vehicle financing still not back to normal and high BS-6 cost.”

Vehicle Registration Data For January 2021

OEM-wise Four-wheeler Passenger Vehicle Registration Data for January 2021

Our finance minister Mrs Nirmala Sitharaman has released the first budget for the upcoming years. This time the government is aiming at making India an ‘Aatmanirbhar Bharat’. Last year, the new BS6 emission norms came in to affect. Automakers around India offered some huge discounts to clear the leftover BS4 vehicles. After the introduction of Union Budget 2021, the Indian automobile industry has got has pushed in the form of vehicle scrappage policy. The further details of the policy are yet to be revealed.