FADA Releases September’21 Vehicle Retail Data
- On
YoY basis, total vehicle retails for the month of September’21 decreases
by -5.27%. When compared to September’19 (a regular pre-covid month),
overall retails continue to fall by -13.50%.
- On
YoY basis, 3W was up by 51%, PV up by 16% and CV was up by 47%. 2W and
Tractors fell by -12% and -24% respectively.
- With
first half of FY 21-22 coming to an end, total retails grew by 35% YoY
with highest growth seen in CV segment at 127%. When compared to 2019, a
pre-covid year, overall retails were down by -29%. Except tractors which
has grown by 19%, all the other categories continued to be in red.
- FADA
requests all 2W OEMs to announce special schemes for demand revival in
entry level 2W (below 125 cc) segment as the same continues to be a
spoilsport.
- The
full-blown semiconductor crises continues further and shows its impact on
PVs. Dealers not able to fulfil customer demand due to demand supply
mismatch resulting in long waiting period.
- Commercial
vehicle segment continues to gain strength as medium CV for the first time
rises above pre-pandemic levels of 2019.
The
Federation of Automobile Dealers Associations (FADA) today released Vehicle
Retail Data for September’21.
September’21 Retails
Commenting on how September’21 performed, FADA President, Mr. Vinkesh
Gulati said, “Auto retail in the month of September has taken a pause as overall sales
were down by -5%. During the 1st half of this FY, while the overall
retails were up by 35%, the same was down by -29% when compared to 2019, a
pre-covid year. On a long term basis, except tractors which grew by 19% and PV
which has almost reached pre-covid levels, all the other segments were in red.
The 2W category continues to play spoilsport as entry level segment is
yet to witness healthy growth. This segment’s performance is now becoming
critical for the overall 2W to come back on the path of recovery as dealer
inventory rises to 30-35 days in anticipation of a good festive. Semiconductor
shortage has also started impacting the 150+ cc segment.
The 3W segment is now showing clear signs of tactical shift from ICE to
EVs as the ratio has hit a 60:40 split. With offices and educational
institutions slowly opening up, electrification of 3W’s will gather a greater
momentum in months to come.
As we enter the core of this year’s festive season, the full blown
semiconductor crises continues to create hindrance in PV sales as vehicle
inventory at dealers end dip to record lows of 15-20 days during the current
fiscal. With high demand in this segment, long waiting period continues to
frustrate and keep enthusiast buyers in a fix.
The CV segment is finally showing greater strength as all sub-categories
continue to grow YoY. MCV for the first time also grows above pre-covid month
of Sept’19.
Near Term Outlook
With India entering the 42
days festive period beginning today, the near term outlook for this year’s
festive season will be a mixed bag. While Dealers have increased their
inventory in 2W category, PV inventory is at the lowest during this FY due to
the ongoing semi-conductor crises.
The chip shortage looks
less likely to ease within next two quarters. As a result, PV sales is likely
to stagnate going ahead even though OEMs are coming ahead with new launches to
keep the customer excited. With skyrocketing fuel prices and a drop in
purchasing power, entry level customers in rural India are keeping themselves
away from fulfilling their mobility needs.
India’s vaccination drive
has reached a remarkable momentum. This coupled with a less likelihood of 3rd
wave in near future and offices and educational institutions opening up in a
phased manner, we anticipate a marginal recovery process to begin in the 2W
space. FADA hence requests all 2W OEMs to roll out special promotions schemes
so that it can springboard 2W retails for a faster recovery.
- Inventory at the end
of September’21
- Average inventory for
Passenger Vehicles ranges from 15-20 days
- Average inventory for
Two – Wheelers ranges from 30-35 days
- Liquidity
- Neutral = 40.7%
- Good = 31.9%
- Bad = 27.5%
- Sentiment
- Neutral = 45.1%
- Good = 27.5%
- Bad = 27.5%
Charts showing Vehicle Retail Data
All India Vehicle Retail Data for September’21
CATEGORY
|
SEP'21 |
SEP'20 |
YoY % |
SEP'19 |
% Chg,
SEP'19 |
2W |
9,14,621 |
10,33,895
|
-11.54% |
11,64,135 |
-21.43% |
3W |
36,612 |
24,262
|
50.90% |
58,485 |
-37.40% |
PV |
2,33,308 |
2,00,576
|
16.32% |
1,78,228 |
30.90% |
TRAC |
52,896 |
69,462
|
-23.85% |
38,019 |
39.13% |
CV |
58,820 |
40,112
|
46.64% |
59,718 |
-1.50% |
LCV |
36,474 |
30,222
|
20.69% |
37,340 |
-2.32% |
MCV |
3,766 |
1,595
|
136.11% |
3,455 |
9.00% |
HCV |
14,635 |
5,059
|
189.29% |
16,775 |
-12.76% |
Others |
3,945 |
3,236
|
21.91% |
2,148 |
83.66% |
Total |
12,96,257 |
13,68,307
|
-5.27% |
14,98,585 |
-13.50% |
Source:
FADA Research
All India Vehicle Retail Data for Apr- September’21 (1st Half
FY21)
CATEGORY |
APR - SEP'21 |
APR - SEP'20 |
APR - SEP'19 |
YoY % (2020) |
YoY % (2019) |
2W |
52,31,441 |
41,12,656 |
79,22,106 |
27.20% |
-33.96% |
3W |
1,36,526 |
80,970 |
3,21,682 |
68.61% |
-57.56% |
CV |
2,69,033 |
1,18,574 |
4,10,302 |
126.89% |
-34.43% |
PV |
12,34,340 |
7,26,289 |
12,58,878 |
69.95% |
-1.95% |
TRAC |
3,14,221 |
2,76,338 |
2,63,684 |
13.71% |
19.17% |
Total |
71,85,561 |
53,14,827 |
1,01,76,652 |
35.20% |
-29.39% |
Source:
FADA Research
Disclaimer:
- The
above numbers do not have figures from AP, MP, LD & TS as they are not
yet on Vahan 4.
- Vehicle
Retail Data has been collated as on 05.10.21 in collaboration with
Ministry of Road Transport & Highways, Government of India and has
been gathered from 1,347 out of 1,562 RTOs.
- CV is
subdivided in the following manner
- LCV –
Light Commercial Vehicle (incl. Passenger & Goods Vehicle)
- MCV –
Medium Commercial Vehicle (incl. Passenger & Goods Vehicle)
- HCV –
Heavy Commercial Vehicle (incl. Passenger & Goods Vehicle)
- Others
– Construction Equipment Vehicles and others
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