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Coronavirus Lockdown: Vehicles Registrations Decline By 89 Per Cent In May 2020

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According to the Federation of Automobile Dealers Associations (FADA), total vehicles registered in May 2020 amounted to 2,02,697 units, a decline of 88.87 per cent, compared to the 18,21,650 vehicles registered in May 2019.

FADA attributes the decline in vehicle registrations to COVID-19 and the resultant nationwide lockdown expand View Photos
FADA attributes the decline in vehicle registrations to COVID-19 and the resultant nationwide lockdown

Highlights

  • Total vehicles registered in May 2020 stood to 2,02,697 units
  • Total passenger vehicles registered in May 2020 stood at 30,749 units
  • Total two-wheeler registrations stood at 1,59,039 units

Vehicle registration for the month of May saw a massive drop of 88.87 per cent in India. According to the report shared by the Federation of Automobile Dealers Associations (FADA), total vehicles registered in May 2020 amounted to 2,02,697 units, as against the 18,21,650 vehicles retailed during the same month last year. The automotive dealers' association says that this is a direct result of the coronavirus pandemic, and the resultant nationwide lockdown, which is still in place in many parts of the country.

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Passenger vehicles registrations in May declined by 87 per cent to 30,749 units in India

Commenting on how the industry performed in May 2020, FADA President, Ashish Harsharaj Kale said, "For the first time in history, the month of April witnessed zero retails. While lockdown was gradually relaxed beginning May, auto dealerships and workshops opened for the first time after 40 days in many cities. At the end of May, out of 26,500 outlets about 60 per cent showrooms and 80 per cent workshops were operational across the country. May registrations are hence not indicative of the demand situation as the lockdown still continued in many parts."

Also Read: Car Sales May 2020: Maruti Suzuki Records 88.95 Per Cent Decline In Domestic Market

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Two-wheeler registrations stood at 1,59,039 units, witnessing a decline of around 89 per cent in May 2020

Also Read: Auto Sales May 2020: Mahindra Tractor Sales Up By 2 Per Cent In The Domestic Market

Last month, the total number of passenger vehicles registered in India stood at 30,749 units, a drop of almost 87 per cent, as compared to the 2,35,933 vehicles retailed in May 2019. Similarly, two-wheeler registrations stood at 1,59,039 units, witnessing a decline of around 89 per cent, as against the 14,19,842 two-wheelers registered during the same month in 2019. At the same time, commercial vehicle registrations declined by 96.63 per cent to 2,711 units, while three-wheeler registrations dropped 96.34 per cent to 1,881 units. Tractor sales brought some amount of positivity to the otherwise gloomy month, with total registration standing at 8,317 units, as against 34,053 units registered in May 2019, witnessing a much acceptable 75.58 per cent de-growth.

Category MAY'20 MAY'19 YoY %
2-Wheelers 1,59,039 14,19,842 -88.80%
3-Wheelers 1,881 51,430 -96.34%
Commercial Vehicles 2,711 80,392 -96.63%
Passenger Vehicles 30,749 2,35,933 -86.97%
Tractors 8,317 34,053 -75.58%
Total 2,02,697 18,21,650 -88.87%

Also Read: Car Sales May 2020: Hyundai India Registers A Slump In Sales Of 78.7%

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In May 2020, commercial vehicle registrations declined by 96.63 per cent to 2,711 units

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Sharing the outlook for the month of June, Kale said, "With an assumption of no further lockdown and continued reopening measures, there will be substantial pick up in auto retails in comparison to May, but the overall outlook continues to be grim with projected sales to witness a de-growth upwards of 25 per cent YoY. urban demand will continue to face challenges ahead with Covid-19 uncertainty. On the flip side, the government's push for infrastructure spending and the recent positive measures announced for the agriculture sector will help support rural demand. It will further strengthen with the normal spread of monsoon which will help Tier 2 and 3 dealers face lesser de-growth compared to their urban colleagues."

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