The total vehicle registrations in India fell by 29.85 per cent to 1,52,71,519 units in financial year 2020-21, the lowest in the last eight years, the Federation of Automobile Dealers Associations (FADA) said.
Total vehicle registrations were at 2,17,68,502 units in fiscal year 2019-20.
All categories of vehicles, except tractors were in red in FY21 with two-wheeler (2W), three-wheeler (3W), commercial vehicles (CV) and passenger vehicles (PV) falling by 31.51 per cent, 64.12 per cent, 49.05 per cent and 13.96 per cent respectively -- the lowest in last eight years and way below the FY13 levels, FADA said in a statement.
Passenger vehicles (PV) registrations were at 23,86,316 units last fiscal, as against 27,73,514 units in FY20, down 13.96 per cent, while those of two-wheelers dipped 31.51 per cent to 1,15,33,336 units as compared to 1,68,38,965 units in the previous fiscal.
Three-wheeler registrations in FY21 were down 64.12 per cent at 2,58,174 units, as compared to 7,19,594 per cent in FY20, while CV registrations were at 4,48,914 units as against 8,81,114 units, a decline of 49.05 per cent, FADA said.
Tractor registrations, however, grew by 16.11 per cent last fiscal at 6,44,779 units as compared to 5,55,315 units in 2019-20, it added.