No, transfer of ownership and re-registration are different. Transfer of ownership happens under the following 3 scenarios:
Transfer of ownership when you are selling your vehicle to another buyerAs soon as the vehicle is sold off, the name of the buyer is recorded as the registered owner of the vehicle instead of the earlier registered owner and this process is called as the transfer of ownership.
Transfer of ownership upon the death of the owner of the vehicleAs soon as the registered owner of a vehicle dies, transfer of ownership is effective in the name of the legal heirs of the expired registered owner and the usage of the vehicle can be for a period of 90 days within 30 days from the date of death of the owner.
Transfer of ownership in auctionWhen a vehicle is sold in public auction, the name of the buyer is recorded as a registered owner instead of the earlier registered owner and once again this is the process called and named as the transfer of ownership.