NEW DELHI: On Tuesday, the data released by the Federation of Automobile Dealers Associations (FADA) said that Vehicle registrations declined on both sequential and year-on-year basis in February 2021.
The Association showed that vehicle registration slipped by 13.43 percent to around 14.99 lakh in February 2021, compared to over 17.31 lakh units reported for the corresponding period of last year.
in the same way, the registration count declined on a sequential basis to around 14.99 lakh in February from over 15.92 lakh in January 2021. However, in February 2021, the registration of personal vehicles grew by 10.59 percent on a year-on-year basis to 254,058 units.
correspondingly, tractor registration rose 18.89 percent on a year-on-year basis in February to 61,351 units. In contrast, two-wheeler registration fell by 16.08 percent to over 10.91 lakh units.
T he Federation of Automobile Dealers Associations is an apex national body representing automobile dealers of India. It was founded in 1964 by four regional Auto Trade associations to protect and promote the Indian retail automobile market. It is now a registered body under the Companies Act 1956.
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