Total vehicle registration at Regional Transport Offices (RTOs) also declined by 16 per cent to 15,58,756 units.
Passenger vehicle registrations witnessed a year-on-year decline of 11 per cent in December 2021. As per the data shared by Federation of Automotive Dealers Associations (FADA), 2,44,639 vehicles were registered last month. It was not only passenger vehicles that took the hit, in fact, retail sales of two-wheelers also declined by 20 per cent as 11,48,732 vehicles were sold in December 2021, as against 14,33,334 in December 2020. Had happened.
Total vehicle registration at Regional Transport Offices (RTOs) also declined by 16 per cent to 15,58,756 units. The-
Barring three wheelers and commercial vehicles, all vehicle segments witnessed growth.
FADA President, Vinkesh Gulati said, “While semi-conductor shortage continues to play out, PV sales closed in the red in December despite heavy bookings. Dealers, however, saw a slight easing in vehicle supply and thus improvement The 2W segment however was on a different trajectory than PV. Higher cost of ownership, poor rural sentiment, work from home and the latest threat from Omicron continued to impact sales.”
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The commercial vehicle segment stood at 58,847 units with a growth of 14 per cent. The M&HCV segment also continues to grow, but this is also on account of lower base last year.
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