July vehicle registrations fall 8% as rains, inflation hurt demand: FADA

Two-wheeler, tractor sales contract as people put off making expensive purchases before festival season in August

Vehicle registrations in July dipped 8 per cent year-on-year as heavy rains in parts of the country dissuaded new purchases, said the Federation of Automobile Dealers Associations  (FADA) on Thursday.

July is a lean month before the festival season in August. Compared to July 2019, the overall fall this time was a sharp 20 per cent, the dealer body said.

Total registrations (in all segments of vehicles) in July dropped to 14, 36,927 units compared to 15, 59,106 units in the corresponding month last year.

Overall volumes in July were dragged down by two-wheelers, which fell 11 per cent year-on-year