Sales: Retail Trade: Car Registration: Passenger Cars for India
INDSLRTCR03MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167,309.12
Year-over-Year Change
-2.03%
Date Range
5/1/2001 - 3/1/2022
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for India' trend measures the number of new passenger car registrations in India, a key indicator of consumer demand and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the total number of new passenger cars registered in India, which is a widely used metric for monitoring consumer confidence, auto industry performance, and broader macroeconomic conditions in the country.
Methodology
The data is collected by the government of India through vehicle registration records.
Historical Context
Policymakers and analysts use this metric to assess the health of India's consumer economy and make decisions about policies affecting the automotive sector.
Key Facts
- India is the world's 4th largest automotive market.
- Passenger car sales account for over 80% of India's total vehicle sales.
- New car registrations peaked in 2018 at over 3.3 million units.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new passenger cars registered in India, which is a key indicator of consumer demand and economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and industry analysts to assess the health of India's consumer economy and make decisions about policies affecting the automotive sector.
Q: How is this data collected or calculated?
A: The data is collected by the government of India through vehicle registration records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor consumer confidence, auto industry performance, and broader macroeconomic conditions in India, informing decisions about policies affecting the automotive sector.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months, and may be subject to revisions as more complete information becomes available.
Related Trends
Number of Identified Exporters to India from Vermont
VTINDA475SCEN
Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for India
BSCICP02INQ460S
Population ages 65 and above for India
SPPOP65UPTOZSIND
Private Credit by Deposit Money Banks to GDP for India
DDDI01INA156NWDB
Consumer Price Index: Health (COICOP 06): Total for India
INDCP060000IXNBQ
Percentage of Foreign Bank Assets Among Total Bank Assets for India
DDOI14INA156NWDB
Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for India (INDSLRTCR03MLSAM), retrieved from FRED.