January has seen a strong rebound in vehicle registrations compared to December specifically in the small car segment, 2-wheelers and heavy trucks.
According to J. B. Securities review in the industry in the car segment registrations in January were 5,306 units significantly up from 3,394 units in December and 3,487 units 12 months ago.
The brand-new segment recorded 840 units in the month up from 756 units the previous month but significantly down from 1,149 units 12 months ago. The segment is dominated by small cars which account for 88% of the total. Financing share was 50.3% which is down from the mid-60s that were recorded in the previous months.
Pre owned cars accounted for 4,466 units in January which is a 24 month record up from 2,638 units in December and significantly up from 1,930 units 12 months ago. Premium cars surged to 206 units in January a significant increase from December when volumes were a mere 53 units and 67 units 12 months ago. Mercedes Benz accounted for 52 units in the new segment of which 37 are C Class mainly the C160 which has a 1.6L engine thus a duty of Rs 6.4 mn and 23 preowned units of which 20 were C class. Audi recorded 54 units in the preowned segment bulked up by 31 A1 units and 18 A3 units which have 1L engines. Around 40% of premium cars have a financing element to them.
Electric cars recorded 18 units in January up from 6 units in December but significantly down from 40 units 12 months ago. Nissan Leaf accounted for 16 units. SUVs accounted 541 units in January up from 454 units in December and up from 434 units 12 months ago.
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