NEW DELHI: The total vehicle registrations in India fell by 29.85% to 1,52,71,519 units in financial year 2020-21 — the lowest in the past eight years — the Federation of Automobile Dealers Associations (FADA) said on Monday. Total vehicle registrations were at 2,17,68,502 units in fiscal year 2019-20.
All categories of vehicles, except tractors were in red in FY21 with two-wheeler (2W), three-wheeler (3W), commercial vehicles (CV) and passenger vehicles (PV) falling by 31.51%, 64.12%, 49.05% and 13.96% respectively the lowest in past eight years and way below the FY13 levels, FADA said.
Passenger vehicles registrations were at 23,86,316 units last fiscal, as against 27,73,514 units in FY20, down 13.96%, while those of two-wheelers dipped 31.51% to 1,15,33,336 units as compared to 1,68,38,965 units in FY 20.
Three-wheeler registrations in FY21 were down 64.12% at 2,58,174 units, as compared to 7,19,594 units in FY20, while CV registrations were at 4,48,914 units as against 8,81,114 units, a decline of 49.05%, FADA said.
Tractor registrations, however, grew by 16.11% last fiscal at 6,44,779 units as compared to 5,55,315 units in FY20, it added.