Heavy decline in registration of vehicles due to lockdown
Heavy decline in registration of vehicles due to lockdown
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Talking about the registration of vehicles in India, a decline of 88.87 percent has been observed in the month of May. According to data released by the Association of Automobile Dealers' Associations (FADA), a total of 2,02,697 vehicles have been registered in the month of May, compared to 18,21,650 vehicles in the same period last year. Fada says the result is due to a nationwide lockdown from the coronavirus epidemic, which still exists in many parts of the country.

Commenting on how the industry performed in May 2020, Fada President, Ashish Harsharaj Kale said, "For the first time in history, the month of April was seen with a low retail. While the lockdown slowed down - Relaxed in early May, auto dealerships and workshops opened for the first time. Work began after 40 days in many cities. At the end of May, nearly 60 percent of the 26,500 outlets had showrooms and 80 percent of workshops nationwide. The registrations in May were not indicative of the status of the demand because the lockdown was still continuing in many parts.

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Talking about the registration of total passenger vehicles in the last month, 30,749 units have been registered in India, down by 87 percent, compared to 2,35,933 units in May 2019. Similarly, in terms of registration of two-wheeler, 1,59,039 units have been registered, down by 89 percent, while in May 2019, this figure was 14,19,842 units. Talking about the registration of commercial vehicles in the same month, 2,711 units have been registered, falling by 96.63 percent. At the same time, three-wheeler registrations saw a decline of 1,881 units with a decline of 96.34 per cent. Talking about the sale of the tractor, 8,317 units have been registered, down by 75.58 percent, compared to 34,053 units in May 2019.

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