Vehicle registrations sputter, slide 7% on poor sentiment

Vehicle registrations sputter, slide 7% on poor sentiment

Part of: GS Prelims –Polity and GS-II- Policy

In news:

Federation of Automobile Dealers Associations (FADA) reports:

• Automobile sector continued the slow lane in January 2020 total vehicles registrations declining 7.17% year-on-year

Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 21st February 2020

Source: The Hindu

From Prelims Point of view:

Federation of Automobile Dealers Associations (FADA)

• Apex national body representing automobile dealers of India
• Founded in 1964 by four regional Auto Trade associations 
• Objectives: To protect and promote the Indian retail automobile market. 
• Registered body under the Companies Act 1956.