The Federation of Automobile Dealers Associations (FADA) has published February 2021 new vehicle registration data, which shows a nearly 13.5% decline in total registrations. However, the PV segment registered a growth of nearly 10.6% last month compared to the data a year ago.
Auto Registrations continued to fall in double digits by -13.43% YoY in the month of February. While Tractors maintained their outperformance compared to the broader market, Passenger Vehicles witnessed double-digit growth on low base of last year as India started transitioning from BS4 to BS6 emission norms. This coupled with the global semiconductor shortage kept the waiting period of PV as high as 8 months. FADA Survey showed that 50% of PV Dealers lost 20% + sales due to non-availability of vehicles.
2W continued to see sluggish demand as the new wave of Covid in certain states kept customers away. Enquiry levels also narrowed as many educational institutions were still reluctant to open. Fuel prices are at its historic high and has put a dampener in sentiments. This in-turn has pressed the brake on sales of entry-level price-sensitive category. – Vinkesh Gulati, FADA President
OEM-wise market share data for February 2021 with YoY comparison:
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