FADA June 2019 Vehicle Registration Data out! Uttar Pradesh is India's No. 1 across a number of segments
The Federation of Automobile Dealers Associations (FADA) has released the Monthly Vehicle Registration Data for the Month of June’19. For the month of June, sales were negative both YoY and MoM.
The Federation of Automobile Dealers Associations (FADA) has released the Monthly Vehicle Registration Data for the Month of June’19. For the month of June, sales were negative both YoY and MoM with MoM drop seen higher with delay in monsoon and continued liquidity tightness affecting consumer sentiment and on YoY basis, Total Vehicle Registrations fall -5.4%, with CV falling -19.3%, 2W -5%, PV -4.6% and 3W 2.8%.
Commenting on June’19 performance, F A D A President, Ashish Harsharaj Kale said, “Despite starting the month with a positive outlook and hope, the monthly sales ended in a de-growth due to continued liquidity tightness and a much-Delayed monsoon. Despite Inquiry levels being reasonably strong, Retail sales got affected as consumer sentiment continued to be weak and purchase postponement was seen across all segments”
Highlights of the Vehicle Registrations for the month of June are mentioned below:
- Overall the States with Highest Vehicle Registrations were Uttar Pradesh (2,93,905), Maharashtra (1,56,716) and Tamil Nadu (1,49,698)
- In PV Category, the States with highest registrations were Uttar Pradesh (30,358), Maharashtra (24,806) and Karnataka (18,288)
- In 2W Category, the States with highest registrations were Uttar Pradesh (2,55,812), Tamil Nadu (1,24,534) and Maharashtra (1,18,453)
- In 3W Category, the States with highest registrations were Uttar Pradesh (7,735), Maharashtra (7,285) and Gujarat (4,960)
- In CV Category, the States with highest registrations were Tamil Nadu (6,500), Maharashtra (6,172) and Karnataka (4,633)
Moreover, Q1FY20 ended on a negative note as Total Vehicle Registrations for the quarter decreased by -6% YoY. CV segment leads the de-growth at -14% followed by 2W at -6.4% and 3W at -6.1%. PV falls the least with -1%.
Also, PV inventory levels continue to decrease giving the much-needed respite, but 2W and CV inventory increases further and continues to remain a serious cause of worry for Auto Dealers.
"Budget Provisions Taken for Liquidity easing yet to take effect as tight liquidity situation continues coupled with Delayed and Deficient Monsoon for June lead to weakening of overall sentiments from previous month," a statement by FADA said.
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