Four-wheeler sales slid to 3.66 lakh in 2019 from 3.97 lakh in 2018, while three-wheeler registrations too dipped at 95,808 against 1.72 lakh in 2018.
Image for representation. (Reuters File Photo)
In a sign of the slowdown in the auto-industry, registrations of new vehicles dipped by 15 per cent in Maharashtra in 2019 and led to low revenue collection, data provided by the state Road Transport Department showed. Maharashtra is one of the largest auto markets in the country.
The department had set itself a low revenue target for the financial year 2019-20, but as of November, even that target appears to be difficult to achieve. It can be noted that since FY15, the department, one of the top revenue-mopping agencies for the state, has delivered revenues higher than the target. For 2019-20, the department aimed to collect Rs 8,249 crore in taxes and other levies from vehicle registrations, against Rs 8,672 crore in 2018-19.