From The Economic Times · Shally Mohile · · 50s
Car Registrations Drop 22% During Navratri
Car registrations plunge 22% this Navratri despite strong deliveries.
In brief
Car registrations plunge 22% this Navratri despite strong deliveries. Car registrations fell 22% during Navratri as deliveries remained strong, with a high base from last year's GST 2.0 rollout. Originally reported by The Economic Times.
Registration Drop
Car registrations fell 22% during Navratri despite strong deliveries.
“The dip is largely optical: last year Navratri ran 11 days against ten and coincided with the GST 2.0 rollout”
High Base Effect
Last year's Navratri coincided with GST 2.0 rollout, creating a high base for comparison.
Maruti Deliveries
Maruti Suzuki reported 98% of last year's Navratri deliveries with pending bookings rising to 2.7 lakh.
Tata Motors Response
Tata Motors reported over 50,000 vehicles delivered during Navratri, including 10,000 on Dussehra.
Hyundai Growth
Hyundai registrations grew 30% to nearly 41,000 units during Shradh and Navratri.
What it means
Car registrations fell 22% during Navratri as deliveries remained strong, with a high base from last year's GST 2.0 rollout.