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October Sales - No Special Boost
The global economy continues to recover from the sudden outbreak of the COVID-19 pandemic and other various issues like rising input prices, supply constraints, semiconductor shortages & increasing fuel prices amid the festival season.
The demand for cars & two-wheelers has been increased Post-Covid and new model launches from OEM's have kept the buzz among the car & two-wheeler buyers. Tata Punch got their highest booking compared to their earlier models.
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A total of 13,71,448 vehicles were registered in the All the States of India from October 1 to October 31.
The number of two-wheelers registered during this period was 9,89,529 & 18,724 EV's.
267452 Passenger vehicles & 22,498 commercial vehicles were registered during this month. In addition to this, 18724 Two-wheeler electric vehicles and 10847 e-auto-rickshaws have been registered.
PAST MONTHS DATA
APRIL-2021 : 11,92,906
MAY-2021: 5,37,810 (SINCE MOST OF THE STATES ARE UNDER LOCKDOWN)
JUNE-2021 : 12,23,203
JULY-2021 : 15,64,066
AUGUST-2021 : 13,91,475
SEPTEMBER-2021 : 13,03,283 (THE GLOBAL SEMICONDUCTOR SHORTAGE)
OCTOBER-2021 : 13,71,448 (ABOVE PROBLEM CONTINUED)
MOM GROWTH
2WHEELER - 9%
EV 2WHEELER - 15% (NO CHOICE LEFT OUT FOR THE BUYERS DUE TO RISING IN FUEL PRICES)
PASSENGER VEHICLE - -2%
COMMERCIAL VEHICLE - -7%
3 WHEELER - 5%
EV 3 WHEELER - 12%
OCTOBER NEW CAR LAUNCHES
Performace summary in different ways
Vehicle Class wise
Transport
Vehicle Fuel wise
Maker wise in different categories (Detailed)
All of this makes it clear that buying a new vehicle is an exciting time. If you're thinking about doing so, make sure to get pre-approved for financing before you start shopping to ensure you can get the car or vehicle that's perfect for you. You can do this by visiting the best auto financing companies
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