Vehicle registration momentum has come down in December with the reinstatement of the LTV rule and higher incidents of duty on vehicles, according to a JB Securities Report.
Total motor car registrations recorded 7,177 units in December down
from 10,084 units in November but significantly up from 4,311 units recorded 12 months ago.
Brand new car registrations recorded 5,015 units in December down from the record set in November of 6,732 units but significantly up from 1,939 units recorded 12 months ago. Small cars (< 1,000 cc) accounted for 95% of volumes. Maruti accounted for 3,882 units (mainly Alto) followed by Micro with 522 units (Panda), Tata with 215 units (Nano Twist and Indica) and Hyudai with 191 units (Eon). Financing share in small cars is a high 75%. The 70% LTV rule is applicable to approvals not disbursements, thus the high finance share in December may be due to the spill over of November leasing approvals.
Meanwhile pre-owned car registrations recorded 2,162 units in December significantly down from 3,352 units in November and down from 2,372 units recorded 12 months ago.
Total motor car registrations recorded 7,177 units in December down
from 10,084 units in November but significantly up from 4,311 units recorded 12 months ago.
Brand new car registrations recorded 5,015 units in December down from the record set in November of 6,732 units but significantly up from 1,939 units recorded 12 months ago. Small cars (< 1,000 cc) accounted for 95% of volumes. Maruti accounted for 3,882 units (mainly Alto) followed by Micro with 522 units (Panda), Tata with 215 units (Nano Twist and Indica) and Hyudai with 191 units (Eon). Financing share in small cars is a high 75%. The 70% LTV rule is applicable to approvals not disbursements, thus the high finance share in December may be due to the spill over of November leasing approvals.
Meanwhile pre-owned car registrations recorded 2,162 units in December significantly down from 3,352 units in November and down from 2,372 units recorded 12 months ago.
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