The Federation of Automobile Dealers Association (FADA) has introduced the registration number of new vehicles in October 2020 and despite the festive season, this figure has registered a decline of 24 percent. The total number of vehicles registered in October was 14 lakh 13 thousand, which was 18 lakh 59 thousand vehicles in October 2019. However, the month-to-month registration has seen an increase of 5.11 percent where only 13 lakh 44 thousand vehicles were registered in September.
The figure for registration of new cars was 2 lakh 49 thousand which is an increase of 9 percent, while the demand for entry-level motorcycles in October was 10 lakh 41 thousand, which shows a decline of 29 percent. There has also been a decrease in the demand for three wheelers, while there has been a strong demand for tractors and there has been a jump of 55 percent in their registration. According to Fada, only Navratri festival is included in October 2020, while Navratri and Diwali were included in October last year.
On the data of vehicles registered in October 2020 and the performance of the auto space, Fada President Vinkesh Gulati said, “We have seen a positive growth in the Indian auto sector by monthly registration, but still negative results in terms of annual registration. Are getting 9 days registration of Navratri has shown better growth, but could not carry forward the figures of registration last month as compared to October last year, although both Navratri and Diwali festivals came in October last year itself. ”