New vehicle registrations down by 10.24% in September 2020

The MoM data shows a growth of 11.45%.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle registrations declined by 10.24% in September 2020. Overall sales stood at 13,44,866 units, compared to 14,98,283 units in September 2019. However, the MoM data shows a growth of 11.45%.

The passenger vehicles segment recorded positive growth on a MoM basis for the first time since unlocking began as the government pushed to normalize business conditions. Entry level passenger cars saw good demand during the month.

Tractor sales were on the rise following a good Rabi season. The 2-wheeler, 3-wheeler and commercial vehicle sales also increased compared to the previous month.

2-wheeler sales declined by 12.62% to 10,16,977 units compared to the same month previous year.

3-wheeler sales were down by 58.86%. 24,060 units were sold compared to 58,485 units in September 2019.

Passenger vehicle sales increased by 9.81%. 1,95,665 units were sold compared to 1,78,189 units in September 2019.

Sales of commercial vehicles dropped by 33.65%. 39,600 units were sold in September 2020 compared to 59,683 units in the same month previous year.

Tractor sales increased by 80.39% to 68,564 units.

FADA is expecting high growth during the festive months of October and November.

Team-BHP's detailed analysis of the September 2020 sales figures.