Earthquakes, blockade take toll on automobile sales
Fri, Apr 15, 2016 10:23 AM on External Media,
Registration of new vehicles fell by 12.87 percent in the first eight months of Fiscal Year 2015/16, as the earthquakes and Indian blockade took toll on automobile sales.
Statistics of Department of Transport Management (DoTM) shows altogether 147,782 units of vehicles were registered with transport management offices across the country in the review period compared to 169,613 units in the same period of 2014/15.
Automobile registration fell in almost all the segments. Data shows registration of two-wheelers fell by 13.26 percent to 123,373 units compared to 142,241 units in the first seven months of 2014/15. Similarly, registration of vehicles in bus segment fell by 10.52 percent. Registration of vehicles in minibus/mini truck, microbus, and crane/dozer/excavator/truck segments posted negative growths of 17 percent, 78 percent and 29.26 percent, respectively.
Source: Republica
