22/1/2020
PUNE: Federation
of Automobile Dealers Associations (FADA), the apex body of Automobile Retail
Industry in India has announced December 2019 Vehicle Registration Data.
According to this data, after 2 months of positive sales
during the festive period in October and its spill over effect in November,
Auto Sales fell once again in December. Despite Robust inquiries and with
offers and discounts at its peak, customers did not conclude on their purchase
as expected, showing continued weakness in consumer sentiment.
On a Y-o-Y basis, overall Vehicle Registrations fell by 15%.
2-Wheeler was down by 16%, Passenger vehicle was down by 9% and Commercial
vehicles registered a de-growth of 21%. Only 3-Wheelers was up by a mere
percent. Kerala has now been included in All India Numbers.
With the December De-growth being the highest in this FY, FADA
shares its concern on falling Auto Sales and shifts its stance to Very Cautious
for the near and mid-term as we inch towards BS VI transition. FADA looks
forward to demand spurring Initiatives in the Union Budget and specific
Initiatives for the auto industry based on our feedback for Faster Revival of
the much needed sustainable growth.
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