FADA releases Jan’21 vehicle registration data
After showing a one-time YoY growth in December, January registrations once again fell by -9.66%. All categories except Tractor were in red. On a YoY basis, 2W, 3W, CV and PV fell by -8.78%, -51.31%, -25% and -4.46%. Tractor continued its upbeat momentum with a YoY growth of 11.14%. Non-availability of vehicles due to scarcity of semiconductors, a fading pent-up demand[Read More…]