October-November vehicle registrations fall from last year
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Like every other sector, inflation seems to have showed on the automobile sector going by number of vehicles registered at the Pune Regional Transport Office (RTO).
While the total number of vehicles registered at RTO in October 2011 was 21,977, it came down to 19,824 this October. The total two-wheelers, four-wheelers and other vehicles registered in November 2011 were 21,609 and this year till November 15, the number dipped to 11,765, almost half.
For the past one-and-a-half-month, from October 1 to November 15, the number of vehicles registered was 31,589. There were 23,768 two-wheelers, 6,198 four-wheelers and 1,623 other vehicles.
"Last year, putting together both October and November registrations, there were 43,586 vehicles. Going by the figures and considering that Dussehra, Diwali and Dhanteras (when sales climb) are over and even half of November has passed by, we doubt registrations will cross the 2011 figures," said Sanjay Dhaigude, deputy RTO.
Besides overall rise in prices including that of petrol, Dhaigude says there were several other reasons for the dip in vehicle registrations. One of them is the tax rate.
Last year, the tax rate was a flat 7 per cent for all vehicles but now tax slabs depend on cost of vehicle. "The tax rate for petrol vehicles costing upto Rs 10 lakh is 9 per cent; for vehicles costing Rs 10 to 20 lakh is 10 per cent and for vehicles costing above Rs 20 lakh is 11 per cent," he says, adding that the same tax rate is increased by two per cent for diesel vehicles. The rule had come into force over six months back.
Although vehicle registrations have come down this year compared to last year's festive season, it will not affect revenue and even if it does, it will not be substantial, says Dhaigude.
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