India’s overall vehicle registrations declined by 54.79 percent on a sequential basis in May 2021.
Similarly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a decline of 70.60 percent during the month under review from the level of May 2019.
Accordingly, vehicle registration stood at 5,35,855 units in May 2021, compared to 18,22,566 units reported for the corresponding period of 2019 and 11,85,374 units in April 2021.
Segment-wise, registration of personal vehicles declined by 63.70 percent on a sequential basis and 58.96 percent from May 2019 levels to 85,733 units.
Similarly, two-wheeler registration fell by 52.52 percent on a sequential basis and 71.08 percent from May 2019 levels to 4,10,757 units.
Notably, tractor retail sales declined. The segment’s off-take fell by 57.85 percent on a sequential basis and 56.60 percent from May 2019 levels to 16,616 units.