Drop in vehicle registering observed
The number of vehicles registered in January this year has dropped to a record low due to restrictions on vehicle imports.
Compared to 34,475 vehicles registered in January last year, only 3,256 vehicles were registered in January this year.
Compared to 2536 cars registered a year ago, only 195 cars were registered in January this year, while the number of vans registered has dropped from 911 to 78.
The number of three-wheelers registered in January has dropped to 767 from 20 last year, while the number of registered motorcycles has dropped from 26,588 to 1228, Securities brokerage firm quoted