India: Two-wheelers sale sees double digit decline in Oct’20

Federation of Auto Dealers Association (FADA) witnessed a decline of vehicle registrations in Oct’20 by 24% y-o-y. Two-wheeler and three-wheeler vehicles sales declined by 27% and 64.5% y-o-y basis as tepid Navratri sales and limited launches in this segment have dampened the buying interest. Meanwhile, passenger vehicle and commercial vehicle sales fell by 9% and 30% y-o-y, respectively. However, tractor registration continues its positive momentum and grew by 55.53% y-o-y