Vehicle registrations declines by 4% in April
Vehicle registrations in India declined by 4% to 1,724,935 units in April, with retail sales of two-wheelers down 7.3% and of passenger vehicles down 1.35%. According to data from the Federation of Automotive Dealers Associations (FADA), the decline was due to the shift to BSVI norms, untimely rains and advanced purchases in March ahead of an anticipated price rise. FADA has urged the country's GST Council to reduce GST on two-wheelers from 28% to 18% to revive demand.