Chennai: The Federation of Automobile Dealers Associations (FADA) has released the monthly vehicle registration data for the month of October 2020.
Commenting on how October performed, FADA president Vinkesh Gulati said, “October continues to see positive momentum on monthly basis but on a yearly basis the negative slide continues to increase. The nine-day Navarathri period witnessed robust vehicle registrations but could not save October to go in red as compared to last year when both Navarathri and Deepavali were in the same month.”
While new launches continued to be in demand in passenger Vehicle segment, entry level motorcycles witnessed a lean demand in two-Wheeler segment. With supply side mismatch, most of the passenger vehicle dealers ended with limited stock of high selling items and odd variants which did not attract much demand.