New vehicle registrations fell by 9.66% in January 2021

The automobile segment witnessed YoY de-growth in all segments except tractors. Shortage of semiconductors, recent price hikes and lack of festivals or auspicious days in the month of January were some of the reasons for the low numbers.

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle registrations decreased by 9.66% in January 2021. Overall sales stood at 15,92,636 units, compared to 17,63,011 units in January 2020.

The automobile segment witnessed YoY de-growth in all segments except tractors. Shortage of semiconductors, recent price hikes and lack of festivals or auspicious days in the month of January were some of the reasons for the low numbers.

The tractor segment continued to grow for the 7th straight month.

2-wheeler sales fell by 8.78% to 11,63,322 units compared to the same month previous year.

3-wheeler sales were down by 51.31%. 31,059 units were sold compared to 63,785 units in January 2020.

Passenger vehicle sales fell by 4.46%. 2,81,666 units were sold compared to 2,94,817 units in January 2020.

The CV segment saw a YoY de-growth of 24.99%. Only the construction equipment vehicle sales and others grew by 21.88% YoY. However, there was a slight improvement in CV sales compared to last month (8.5% growth). Total numbers fell from 74,439 units in January 2020 to 55,835 units in January 2021.

Tractor sales increased by 11.14% to 60,754 units.

Team-BHP's detailed analysis of the January 2020 sales figures.