Total Vehicle registrations recorded 3,558 units in Feb marginally up from 3,256 units in Jan but significantly down from 31,402 units 12 months ago,
a new report shows.
"The main contributor for the increase was a higher number of hand tractors, a category that is not under an import ban and an uptick from locally assembled vehicles," Data compiled by JB Securities equities research shows.
2-wheelers recorded 1,239 units in Feb marginally up from 1,228 units in Jan but significantly down from 24,268 units 12 months ago. Of this lower number, brands categorized under other comprising of minor brands and locally assembled ones had the largest share at 43% followed by TVS with 26.8% and Hero with 18%. Under normal conditions Honda was the market followed by Yamaha, both are showing very low volumes for they probably have stocked out.
Total cars recorded 220 units in Feb marginally up from 195 units in Jan but significantly down from 2,056 units 12 months ago.
Of the 95 units recorded under brand new cars in Feb, Zotye – Z100 a locally manufactured car by a subsidiary of United Motors accounted for 79 units up from 27 units in Jan and 34 units 12 months ago.
Pre-owned cars recorded 125 units in Feb down from 155 units in Jan and significantly down from 1,768 units 12 months ago.
SUVs recorded 287 units in Feb up from 161 units in Jan but significantly down from 819 units 12 months ago. The data shows 31 Toyota Land Cruisers which have been a gift from the Japanese Government to the Police Department. In the locally assembled category DFSK (United Motors) recorded 113 units in Feb significantly up from 14 units in Jan and 6 units 12 month ago and Mahindra KUV 100 (Ideal Motors) recorded 80 units in Feb up from 61 units in Jan and 1 unit 12 months ago.
Hand tractors (no import ban) recorded 212 units in Feb significantly up from 94 units in Jan and 83 units 12 months ago. Farm Star accounted for 89 units claiming a category share of 42%.
Medium trucks recorded 216 units in Feb down from 259 units in Jan but up from 178 units 12 months ago. Preowned accounted for 183 units, the balance 33 units were new.
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Isuzu was the category leader claiming a 70% share.
Heavy trucks recorded 39 units in Feb up from 27 units in Jan but significantly down from 75 units 12 months ago.
Buses recorded 42 units in Feb up from 21 units in Jan but significantly down from 101 units 12 months ago.
Large tractors (no import ban) recorded 485 units in Feb marginally up from 461 units in Jan and 240 units 12 months ago. Tafe (Browns) is the market leader with a 52% share.