Auto industry kicks off 2020 with over 7% de-growth

According to the latest figures released by the Federation of Automobile Dealers Associations (FADA), in January 2020, overall vehicle registrations fell by 7.17% compared to the same period last year.

2-wheeler registrations were down 8.82% compared to the previous year. 12,67,366 2-wheelers were registered in January 2020 compared to 13,89,951 in January 2019.

Personal vehicle sales were down 4.61% from 3,04,929 to 2,90,879 in January 2020. The commercial vehicle sales were also in the negative. 82,187 units were sold in January 2020 as opposed to 88,271 in the previous year.

3-wheeler sales grew by 9.17% from 58,178 units to 63,514 units. For the first time, FADA also included tractor sales in its report. The number of tractors registered in January 2020 grew by 5.11% to 46,170 units.

The industry registered the highest growth in Chandigarh (64.62%), Sikkim (43.85%) and Dadra & Nagar Haveli (26.66%).