Our Special Correspondent
Published 11.06.20, 10:01 PM
Passenger vehicle registrations saw a year-on-year drop of 87 per cent to 30,749 units in May 2020, according to data shared by the Federation of Automobile Dealers Association (Fada).
Total vehicle registration numbers at regional transport offices (RTOs), which are a proxy for sales, fell 89 per cent over May last year as the industry continues to battle the pandemic, according to a report of the dealer’s lobby.
Fada president Ashish Harsharaj Kale said, “At the end of May, out of the 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.”