Auto sales rev up in times of inflation

Auto sales rev up in times of inflation
Published on: 

Delhi has registered an increase in the sale of the four-wheelers and two-wheelers, yet it has logged revenue deficit in the current fiscal year. The statistics available with The Pioneer shows that despite high rate of inflation, the sale of four-wheelers is on the rise. But the revenue authorities are unable to comprehend the shortfall in the revenue. As per statistics of Transport Department, a total 55,538 cars were sold between March 13 and June 14 in the current fiscal year as compared to 54,668 cars sold last year during the same period. The report about number of the cars sold after June has not been compiled by the Transport Department.

During the same period, 55,538 four-wheelers were sold till June 14 in the current fiscal year while 54,668 four-wheelers sold in the previous year. There is also an increase in the sale of two-wheelers this year. According to data, 1,06,037 two-wheelers were sold while 1,05,274 sold in the previous year. Total 65,588 motor cycles were sold last year while 63,922 in the current fiscal year. As far as scooters are concerned, a total 40,435 sold this year while 37,767 sold last year. According to data, 1,601 mopeds sold this year as compared to 1,834 last year.

According to Transport Department officials, more and more people in Delhi are buying four-wheelers. The data shows that 24 tractors were sold in the national Capital this year. The sale of Jeep also increased this year as Transport Department registered sale of 68 Jeeps this year while only four were registered last year.

Strangely, despite increase in sale, the revenue collection has decreased. The Transport Department has collected Rs288.22 crore this year as compared to Rs365.46 crore last year during the same period. The decrease has registered Rs77 crore during the same period. In June, Transport Department has collected Rs173.97 crore while Rs123 crore this year during the same period. In May it has collected Rs146.09 crore this year as compared to Rs86 crore last year.

The city had a vehicular population of 31.64 lakh in 1999-2000, while it touched 77.74 lakh in 2012-13, a rise of almost 140 per cent, Delhi Economic Survey said, adding that the urban transport scenario in the city is “fast warming up”. Because of the increase in per capita income, the number of vehicles now grows at 7.2 per cent annually as compared to 4.72 per cent in the last decade. 

The Centre for Science and Environment (CSE) has compared the data from the Delhi Pollution Control Board from 2000 to 2013; in Delhi, PM 10 and PM 2.5 levels rose 50 per cent during this period. At 10 am on December 16, 2013 the monitoring station at RK Puram recorded PM 2.5 levels at 985 micrograms per cubic metre, Delhi Pollution Control Board officials concede. The standard set by the Central Government is 60.

Daily Pioneer
dailypioneer.com