Is it true that vehicle registrations have fallen in the month of March 2021?
Answer
Answer
The news from the auto registrations is not too encouraging, even though auto companies have been reporting superb dealer offtake. According to FADA, cumulative vehicle registrations fell 28.64% yoy in Mar-21 on an all-India basis. This was partially due to the 7-day lockdown in last week of March after the pandemic resurfaced.
As I said earlier, the registration volumes are in contrast to the dealer dispatches that auto companies and SIAM have been reporting. The worry in April is that Maharashtra accounts for 11% of all-India vehicle registrations and the latest lockdown will be a dampener. A total of 1.65 million units were registered in Mar-21 compared to 2.31 million units in Mar-20.