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Vehicle registrations sputter, slide 7% on poor sentiment

  • IASbaba
  • February 22, 2020
  • 0
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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

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.

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