Vehicle Registration In June 2020 Saw A 400 Per Cent Jump From May, Still Significantly Lower Than
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Highlights
- 1,26,417 cars were registered in June 2020, 300% more than May 2020
- When compared to June 2019, 41% lesser two-wheelers were registered
- A 15% to 35% de-growth across segments has been predicted for FY21
The Federation of Automobile Dealers Associations (FADA) has released the monthly vehicle registration data for the month of June 2020. When compared to the May 2020 there's been a big positive growth owing to relaxations in rules that were enforced during the nationwide lockdown. A total of 9,84,395 vehicles were registered in the country in June which is almost a 5 fold increase from 2,02,697 units that were registered in May. However when compared to June 2019, this is a negative growth of 42 % when a total of 16,97,166 vehicles were registered.
7,90,118 two-wheelers were registered in the June, 41 per cent lesser than June 2019
A total of 1,26,417 cars were registered in June in comparison to 30,749 cars registered in the May, a growth of more than 300 per cent. However, in June 2019, 2,05,011 cars were registered which means a fall of 38 % year-on-year. 159,039 two-wheelers were registered in May which became 7,90,118 units in the June, again a healthy growth of 400 per cent. But this is still significantly lesser than 13,37,462 two-wheelers registered in June 2019, resulting in negative growth of 41 per cent.
Also read: Supreme Court Withdraws Order Of Registering BS4 Vehicles Post Lockdown
FADA has predicted a de-growth range of 15 per cent to 35 per cent across various segments in FY21.
President of The Federation of Automobile Dealers Associations (FADA) Ashish Harsharaj Kale said, "Unlock 1.0 coupled with increase in demand from the rural market has boosted the retail sales with respect to the May month's numbers. June registrations, although better than May is still not Indicative of the actual demand situation as lockdown woes continue in some parts and supply side is far from its complete potential." However FADA added that despite the positive trends the annual outlook continues to be grim with projected sales set to witness a de-growth range of 15 per cent - 35 per cent across various segments in FY21.
Last Updated on July 21, 2020
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- Vehicle Registration In June 2020 Saw A 400 Per Cent Jump From May, Still Significantly Lower Than June 2019
