Sale of luxurious autos in Noida greater than double in Diwali week this 12 months

In accordance with knowledge from the Gautam Budh Nagar district transport division, the sale of luxurious autos that value over 25 lakh has greater than doubled this 12 months in comparison with final 12 months in the course of the Dhanteras-Diwali week.

In the course of the Diwali week this 12 months, a complete of three,559 autos have been offered in Noida alone which embrace 2,523 two-wheelers, 929 four-wheelers and 107 luxurious autos. In the course of the Diwali week final 12 months, a complete of two,067 autos had been offered within the metropolis that included 1,326 two-wheelers, 697 four-wheelers and 44 luxurious autos.

In the course of the Diwali week in 2018, a complete of 1,465 autos had been registered in Noida, which included 978 two-wheelers and 487 four-wheelers. In 2019 throughout the identical interval, 2,484 autos had been registered that included 1,609 two-wheelers and 875 four-wheelers.

In the course of the 2020 Diwali week, knowledge confirmed that 1,725 autos had been registered in Noida that included 970 two-wheelers and 755 four-wheelers.

“Normally, the sale of autos is highest in the course of the Diwali week and all autos need to be registered inside every week of their buy,” mentioned Siyaram Verma, assistant regional transport officer, Noida.

Verma added that because of the Covid-19 pandemic, the gross sales of autos had been low in 2020 and 2021.

“Nevertheless, this 12 months is witnessing a steep rise in automobile gross sales, particularly the dearer luxurious automobiles that value greater than 25 lakh. It reveals that the festive fervour is again,” added Verma.

The sale of luxurious autos went from 44 in 2021 to 107 this 12 months. 4-wheelers that value lower than 25 lakh additionally noticed a steep rise in gross sales, whereas sale of two-wheelers additionally almost doubled this 12 months in comparison with 2021.

The general rise within the sale of autos will also be seen from the full variety of autos being registered yearly. In 2018, a complete of 88,301 autos had been registered, whereas 92,242 autos had been registered in Noida in 2019. This quantity dropped to 65,658 autos in 2020 and 77,843 in 2021 (the pandemic-hit years). Nevertheless, this 12 months 74,394 autos had been already registered until August and the quantity is already over 80,000 now with two months of the 12 months nonetheless remaining.

“There’s additionally an increase in gross sales throughout the previous few weeks of the 12 months in December as automobile corporations supply heavy reductions. We hope that the full automobile gross sales can be again to the 2018-19 degree,” mentioned Verma.

Verma mentioned that Noida sees the best variety of luxurious autos and four-wheeler gross sales in Uttar Pradesh, including to the transport division’s revenues. The Noida transport division earned round 550 crore over the last monetary 12 months and is anticipating to earn round 700 crore within the current monetary 12 months that can finish on March 31. Round 10% of the annual income comes in the course of the Diwali week, sources mentioned.

Leave a Comment