InvestorQ : Have vehicle registrations improved in the month of June?
Mahima Roy made post

Have vehicle registrations improved in the month of June?

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4 months ago
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If vehicle production and sales numbers announced by SIAM for Jun-21 were robust, there is an additional second-level confirmation coming from the FADA about solid dealer sales and auto registrations in the month of June 2021. In fact, vehicle registration across categories was up 22.62% yoy in Jun-21 on an all India basis. A total of 12,17,151 vehicles were registered at various RTOs across India during the month.

The Federation of Automobile Dealers Association or FADA confirmed that July was also seeing good traction in terms of fresh enquiries as well as actual bookings. The reopening of the economy and normal economic activity in most cities post COVID 2.0 led lockdowns had actually helped numbers to pick up. But, the FADA has also spoilt that the delta variant, if it becomes a reality, could potentially dent sales.

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