Vehicle registrations in TN up 17.18% in September, first positive growth since lockdown

Vehicle registration in Tamil Nadu rose 17.18% to 1,70,160 models in September 2020 from 1,45,216 models in the identical month final yr, in accordance with The Federation of Automobile Dealers Associations (FADA).

Vehicle registrations are used as one of many indicators of financial exercise. This is the first time the registrations have proven positive growth since the lockdown to curb COVID-19 was imposed in March 2020. In September. extra relaxations have been allowed. Except for three-wheelers, all different segments have seen a restoration in September 2020.

Tractor registrations continued to be strong. In September 2020, new tractor registrations elevated 92.52% to three,731units from 1,938 models in September 2019. Tractor registrations had elevated 73.24% to 2,292 models in August 2020 from 1,323 models in the identical interval final yr. In July, tractor registrations had elevated 59.32%.

Two-wheeler registrations in Tamil Nadu elevated 19.87% to 1,43,990 in September 2020 from 1,20,117 in the identical month final yr. Two-wheeler registrations had declined 17.94% and 35.67% in August and July respectively.

Passenger automobile registrations have been up 10% to fifteen,480 models in September 2020 from 14,073 models in September 2019. The class noticed its registration decline 28.57% in August and 46.88% in July.

Commercial automobile registrations have been down 4.30% to five,325 models in September 2020 from 5,564 in September 2019. They have recovered from a 37.21% decline in August and 70.93% drop in July.

Three-wheeler registrations continued their sharp decline. In September 2020, the registration dropped 53.63% to 1,634 models from 3,524 models in the identical interval final yr. Three-wheeler registrations had fallen 81.98% in August and 86.74% in July 2020 respectively.

The efficiency of this sector in the course of the upcoming festive season, can be a key factor to be careful for.