Total vehicle registrations declined 12.1% month-on-month to 47,628 units in October from 54,214 in September, reflecting a broad-based contraction across most major vehicle categories, according to JB Securities.<\/p>\n\n\n\n
Two-wheeler registrations fell 13% to 33,722 units, while motor car registrations declined 17.9% to 2,802. SUV and crossover registrations dropped 13.8% to 3,399 units. Pickup and commercial vehicle registrations also recorded declines. Electric vehicle registrations increased 5.4% to 6,374 units, supported mainly by electric two-wheelers, which rose to 5,342 units. Large tractor registrations also increased sharply by 49.1% to 407 units.<\/p>\n\n\n\n
JB Securities CEO Murtaza Jafferjee said vehicle imports had reached $1.87 billion in the first nine months of 2026 and could total around $2.4 billion for the full year, approximately 20% above 2025 levels, if the prevailing monthly import rate continues. <\/p>\n\n\n\n
However, Jafferjee noted passenger vehicle imports have moderated amid the gradual exhaustion of pent-up demand, rupee depreciation, tighter credit conditions and higher import taxes. He cautioned that lower vehicle imports, particularly passenger cars, could moderate vehicle-related tax revenue and weigh on GDP growth in the second half of 2026, against a high base in the corresponding period last year.<\/p>\n\n\n\n
Source : Daily FT <\/p>\n","protected":false},"excerpt":{"rendered":"
Total vehicle registrations declined 12.1% month-on-month to 47,628 units in October from 54,214 in September,…<\/p>\n","protected":false},"author":4,"featured_media":8116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-8115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t