Total vehicle registrations recorded 3,256 units in January, down from 4,478 units the previous month and 34,475 units 12 months ago, a new report shows.
JB Securities equities research said their database had to be updated for a category called Locally assembled vehicles that were previously NOT in the RMV data feed.
- In the brand-new car segment of the 40 units registered in Jan, 27 units were Zotye – Z100 down from 48 units the previous month, this vehicle is assembled by Unimo a subsidiary of United Motors.
- In the SUV/crossover segment of the 114 brand new units registered in Jan, Mahindra KUV 100 accounted for 61 units down from 72 units the previous month, this vehicle is assembled by Ideal Motors. DFSK accounted for 14 units in Jan down from 55 units in Dec, this vehicle is assembled by Unimo.
- Two wheelers recorded 1,228 units in Jan down from 2,178 units the previous month and significantly down from 26,588 units 12 months ago.