Passenger vehicle retail sales rise over 10% in Feb on low base effect: FADA

Car sellers’ physique FADA on Tuesday mentioned passenger car (PV) retail gross sales in February witnessed a rise of 10.59 per cent to 2,54,058 items on account of low base of final 12 months.

Based on the Federation of Car Sellers Associations (FADA), which collected car registration information from 1,274 out of the 1,481 regional transport workplaces (RTOs), PV gross sales stood at 2,29,734 items in February 2020.

Two-wheeler gross sales nonetheless declined 16.08 per cent to 10,91,288 items final month, as in comparison with 13,00,364 items in February 2020.

Business car gross sales additionally slipped 29.53 per cent to 59,020 items, as towards 83,751 items a 12 months in the past.

Equally, three-wheeler gross sales fell 49.65 per cent to 33,319 items final month, from 66,177 items within the year-ago interval.

Tractor gross sales, nonetheless, grew by 18.89 per cent to 61,351 items final month, towards 51,602 items in the identical month final 12 months.

Whole gross sales throughout classes declined 13.43 per cent to 14,99,036 items, final month in comparison with 17,31,628 items within the year-ago interval.

Commenting on the gross sales information, FADA President Vinkesh Gulati mentioned the passenger car gross sales witnessed double-digit progress final month on the low base of final 12 months.

Gross sales had dropped in February final 12 months because the transition course of from BS-IV to BS-VI emission norms had begun throughout the interval.

“In addition to the worldwide semiconductor outrage stored the ready interval of passenger automobiles as excessive as eight months. FADA survey confirmed that 50 per cent sellers misplaced over 20 per cent gross sales as a consequence of non-availability of automobiles,” Gulati mentioned.

Two-wheelers continued to see sluggish demand as the brand new wave of COVID-19 in sure states stored prospects away, he added.

In addition to, excessive gasoline costs have additionally led to sluggish gross sales within the section, Gulati mentioned.

Commenting on business car registrations he famous that offtakes proceed to be impacted as a consequence of financing points andĀ negligible gross sales of passenger buses as a consequence of closure of instructional institutes.

In addition to, provide aspect constraints have additionally impacted the registrations, Gulati mentioned.

On outlook, he mentioned that prime gasoline costs would proceed to negatively influence on two-wheeler and business car gross sales.

“The Federation additionally urges the Union Authorities to carry diplomatic discussions with nations manufacturing semiconductors (Taiwan and different related nations) in order that the momentum which was constructed to date in auto gross sales just isn’t misplaced and the trade continues to gasoline the restoration course of,” Gulati mentioned.

Total, FADA continues to stay guarded in its optimism for car registrations in March, he added. PTI MSS DRR DRR

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