Total car registrations for November 2020 stood at 18,27,990, a decline of 19.32 per cent as towards 22,64,947 automobiles registered throughout the identical month in 2019. However, in comparison with 14,13,549 automobiles that have been registered is October 2020, M-o-M progress stood at 29.32 per cent.
As for passenger automobiles, the business noticed 2,91,001 registrations, a 4.1% progress over November 2019
The Federation of Automobile Dealers Associations (FADA) launched the month-to-month car registration knowledge for November 2020, throughout which the business noticed a cumulative drop of 19.29 per cent. Total car registrations, throughout all car classes, stood at 18,27,990, as towards 22,64,947 automobiles registered throughout the identical month in 2019. However, in comparison with 14,13,549 automobiles that have been registered in the course of the month of October 2020, the auto sector noticed a Month-on-Month (M-o-M) progress of 29.32 per cent. FADA says that whereas registrations throughout Navratri (in October 2020) have been tepid, folks got here out in good numbers to buy new automobiles in the course of the Dhanteras and Diwali interval.
Commenting on the business’s efficiency in November 2020, FADA President, Vinkesh Gulati mentioned, “Automobile Industry has seen probably the greatest restoration charges since unlocking started as November continues to see constructive momentum by rising 29.32 per cent on M-o-M foundation. On a Y-o-Y foundation, the unfavorable slide continues with de-growth of 19.29 per cent.” He additional added, “The 42-days festive period saw good traction in the current pandemic hit the world as overall de-growth of 4.74 per cent was much less than expectation.” During the 2020 festive interval, complete car registrations stood at 25,15,256, as towards 26,40,280 automobiles registered throughout the identical interval in 2019.
As for passenger automobiles (PV), the business noticed 2,91,001 registrations, a 4.1 per cent progress over November 2019, throughout which PV registrations stood at 2,79,365 automobiles. At the identical time, in comparison with 2,49,860 passenger automobiles registered in October 2020, the business noticed a M-o-M progress of 16.46 per cent. However, the two-wheeler (2W) section noticed a substantial decline of 21.Four per cent in registrations at 14,13,378 automobiles, in comparison with 17,98,201 2W registered in November 2019. That mentioned, in comparison with October 2020, when 10,41,682 two-wheelers have been registered, the business noticed a M-o-M progress of just about 36 per cent. FADA says that whereas stock degree for PVs (25-30 days) is now nearer to FADA really helpful vary of 21 days, 2W stock continues to be within the excessive vary of 45-50 days.
Similar to the previous few months, in November 2020 too, 3-wheeler (3W) registrations noticed the most important Y-o-Y decline, which this time round was 65 per cent, at 24,185, as towards 69,056 3W registered throughout November 2019. At the identical time, final month, business car registrations stood at 50,113 items, a 31.22 per cent decline in comparison with 72,863 CVs registered throughout the identical month in 2019. On the opposite hand, tractor gross sales grew by a good 8.47 per cent, at 49,313 items, in comparison with the 45,462 tractors registered in November 2019.
1. What is vehicle registration?
A. Vehicle registration officially registers a vehicle with a government agency, such as the Department of Motor Vehicles (DMV).
2. What is the purpose of vehicle registration?
A. Vehicle registration serves several purposes, including:
Identifying vehicle ownership and facilitating the transfer of ownership.
Ensuring vehicles meet safety and emissions standards.
Collecting revenue for road maintenance and other transportation-related projects.
Enforcing traffic laws and deterring vehicle theft.
3. What documents are required for vehicle registration?
A. The specific documents required for vehicle registration may vary depending on the jurisdiction, but typically include:
Proof of ownership, such as a bill of sale or title.
Evidence of vehicle insurance.
Payment of registration fees and taxes.
4. How can I renew my vehicle registration?
A. Vehicle registration renewal procedures may vary depending on the jurisdiction, but typically involve:
Completing a renewal application.
Providing updated proof of insurance and vehicle ownership.
Paying renewal fees and taxes.
5. What are the consequences of not registering my vehicle?
A. Failure to register a vehicle can result in fines, penalties, and even impoundment.
Unregistered vehicles are not legally allowed to operate on public roads.