February 20, 2024

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Vehicle registrations slip back into red; fall 9.66% in Jan 2021, Auto News, ET Auto

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New Delhi: Right after showing a a person-time calendar year-on-calendar year progress in December, January auto registrations at the time once more fell by nine.sixty six%, in accordance to the latest data launched by the Federation of Vehicle Dealers Associations (FADA) on Tuesday.

In accordance to the apex dealers’ body, non-availability of motor vehicles because of to scarcity of semiconductors, a fading pent-up need and current value hikes coupled with no festivities and auspicious times landed January registrations in the negative zone.

All classes apart from Tractor ended up in the purple. Passenger Car (PV) registrations witnessed a decrease of four.forty six% to 2,81,666 units in January 2021 as in opposition to 2,ninety four,817 units in the same month final calendar year. New launches and SUVs continued to see high traction and aided in limiting the total PV registrations slide by a greater margin.

Auto Industry plainly misjudged the need which returned write-up lockdown. Industry’s underestimation of write-up-covid rebound alongside with chipmakers prioritizing bigger-volume and additional valuable purchaser electronics sector has established a vacuum for semiconductors. This has resulted in scarcity in provide for all classes of motor vehicles.Vinkesh Gulati, FADA President

In the meantime, two-wheeler registration fell by 8.seventy eight% in the outgoing month to 11,sixty three,322 units from twelve,75,308 units in January 2020.

Even though dealer inventory for PV continued to slide and came down in the variety of 10-fifteen times, two-wheeler inventory stayed place at 30-35 times, observed FADA.

Desk: All India Car Registration Facts for January’21

Classification Jan’21 Jan’20 YoY%
PV 2,81,666 2,ninety four,817 -four.forty six%
2W 11,sixty three,322 twelve,75,308 -8.seventy eight%
3W 31,059 sixty three,785 -51.31%
Tractor 60,754 54,662 11.fourteen%
CV fifty five,835 74,439 -24.ninety nine%
LCV 34,464 48,014 -28.22%
MCV three,466 four,038 -fourteen.17%
HCV fourteen,279 19,412 -26.forty four%
Other folks three,626 2,975 21.88%
Complete fifteen,ninety two,636 17,sixty three,011 -nine.sixty six%

Resource: FADA Investigation

It was the three-wheeler segment that took the biggest strike and slumped by 51.31% in the month of January. Three-wheeler registrations stood at 31,059 units in January 2021 as in contrast to sixty three,785 units in the corresponding month final calendar year.

Registrations in the commercial auto segment declined by 25% to fifty five,835 units in January 2021 from 74,439 units in January 2020. Tractor continued its upbeat momentum with a progress of 11.fourteen% at 60,754 units.

Commenting on the effectiveness, FADA President, Vinkesh Gulati reported, “Auto Industry plainly misjudged the need which returned write-up lockdown. Industry’s underestimation of write-up-covid rebound alongside with chipmakers prioritizing bigger-volume and additional valuable purchaser electronics sector has established a vacuum for semiconductors. This has resulted in scarcity in provide for all classes of motor vehicles in particular Passenger Vehicles even while enquiry concentrations and bookings remained high.”

The current value hike undertaken by Auto OEMs also added to woes as two Wheeler have become additional expensive for decrease and center-earnings course. Professional Car registrations ended up also strike because of to auto funding nonetheless not again to typical and high BS-VI price tag, observed Gulati.

Close to Phrase Outlook

FADA reported the Union Government’s announcement of scrappage coverage (while voluntary) is in proper direction. The paying on infrastructure projects like streets and community transportation will help make traction for commercial motor vehicles more than a more time interval of time.

With a high foundation and continued scarcity of semiconductors on a person hand and gradual opening of educational institutes and organization as common alongside with Covid Vaccine’s effectiveness on the other, FADA proceeds to remain guarded in its optimism for Auto Registrations through Q4 of this economical calendar year.