Automobile registrations plummeted by 88.87 per cent in May as the country grappled with coronavirus pandemic and shutdown of most businesses, the Federation of Automobile Dealers Association (FADA) said on Thursday. The demand trend in the first ten days of June has also shown extremely weak consumer sentiment in terms of new vehicle registrations. Two-wheeler registrations totalled 1.59 lakh last month compared to 14.2 lakh in May 2019, marking a slide of 88.8 per cent. That took overall vehicle registrations to 2.02 lakh in May 2020, down 88.87 per cent from 18.21 lakh in May 2019. FADA India represents over 15,000 automobile dealers having 25,000 dealerships including 30 associations of automobile dealers at the regional, state and city levels accounting for 90 per cent of market share.

Source: dna June 11, 2020 08:54 UTC