City car sales vroom to all-time high in first 4 months of year


According to figures collated from the Public Vehicles Department in Beltala, Kasba, Bidhannagar and Behala, there were 32,128 units sold between Jan and April.
The number of new car registrations in the city between Jan and April this year was at an all-time high, breaking the previous record registered in the same four-month period two years back.

According to figures collated from the Public Vehicles Department in Beltala, Kasba, Bidhannagar and Behala (covering the entire city), there were 32,128 units sold between Jan and April. The figure was a 15% jump from last year's, when 27,346 vehicles were registered in the same period, and 14% higher than 2022's 27,368 vehicles.

"This year had the most vehicle registrations in the first four months in the city," said a transport department official, who expected the trend to continue the rest of the year, "barring any unforeseen event". If this impetus continued, he said, 2024 should be a record year overall, with more than 90,000 vehicles sold and registered.

Kolkata's upward trajectory has bucked the national trend, where the auto sector is on a month-on-month dip of 2% and a year-on-year decline of 6% in sales.

'Surge driven by paucity of buses'

Transport economist Partha Ghosh told TOI, "It appears that the trend of commuters opting for personal transport during the pandemic is still going strong."

He added, "Perhaps the paucity of buses has also fuelled the demand for personal modes of transport. This might look positive for the economy but it is bad for the transport ecosystem."

Transport department officials were not surprised by the sales surge. "Since the pandemic, the growth of the automobile sector has largely been driven by personal vehicles, like two-wheelers or cars, as public transport vehicles, like buses, have been on a decline," an official said.

Aritro Basak, an automobile dealer, said a chunk of Kolkata's record-breaking vehicle sales was linked to livelihood. "A large number of two-wheelers are engaged as taxis, delivery vehicles for food and goods, and other services. So, along with the sale of vehicles, we are also expecting a growth in livelihood and economy. Car sales add muscle to the state's economy," he said.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 5 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 5 hours ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 5 hours ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 5 hours ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 5 hours ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 5 hours ago