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FADA Releases May’22 Vehicle Retail Data

 


Disclaimer: May’20 and May’21 witnessed nationwide lockdown during phase 1 and 2 of Covid. Hence, YoY comparison with these 2 years will not give a true representation for the state of Auto Retail.

 

  • On YoY basis, total vehicle retail for the month of May’22 increased by 207%. All categories were in green. 2W, 3W, PV, Tractors and CV were up by 198%, 696%, 204%, 216% and 278% respectively.
  • Auto Retail has still not recovered from the jitters of Covid. When compared with May’19, total vehicle retail was down by -10%. Except PV and Tractor which continues to show growth of 11% and 33%, all the other categories like 2W, 3W and CV fell by -14%, -19% and -11% respectively.
  • Government’s reduction in fuel prices will tame inflation and boost vehicle sales, especially 2W but the increase in 3rd party insurance premiums will act as a deterrer for the 2W customers to come forward and conclude their purchase decision.
  • While the Russia – Ukraine war continues to fuel chip shortage, RBI has warned of more inflation as the increase in wholesale prices will get passed to the consumer thus decreasing his/her disposable income.

 

 

6th June’22, Mumbai: The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for May’22.

 

FADA is happy to inform that with its persistent follow up with the Andhra Pradesh Transport Ministry, the state has now migrated vehicle registration to Vahan. While this has happened towards the end of May, full month numbers will only come later. The only states remaining are Telangana, Madhya Pradesh and Lakshadweep. With this Vahan now covers 91.6% RTOs across the country.

 

May’22 Retails

Commenting on how May’22 performed, FADA President, Mr. Vinkesh Gulati said, Indian Auto Industry during May’22 continued its flattish run for the 3rd consecutive month. While YoY comparison with May’21 shows exceptionally healthy growth rate across all categories, it is important to note that both May’21 and May’20 were affected by nation-wide lockdown due to covid thus witnessing. Hence a better comparison will be with May’19 which was a normal pre-covid month.

 

Similar to last month, May’22 when compared to May’19 reveals that Auto Retail is still not on growth trajectory as overall retails were down by -10%. While PV and Tractors continued its positive run by growing 11% and 33%, 2W, 3W and CV are yet to show any signs of healthy run-rate (compared to pre-covid months) as they de-grew by -14%, -19% and 11% respectively.

 

The Government made a bold decision to cut excise duty on fuel prices thus reducing inflation and economic distress. While this will have a positive rub-off on sale of vehicles especially 2W, the increase in 3rd party insurance premium will act as a deterrer for some.

 

The 2W segment has seen slight improvement in overall sales when compared with April’22. While 2W EV sales were growing rapidly though on low base, various fire incidents across almost all EV brands has created a fear in the mind of the customer. This coupled with supply chain issues, has decreased 2W EV sales drastically from last month.

 

The PV segment which has already surpassed May’19 numbers is witnessing huge demand. Dealers are not be able to fulfil the same due to supply side issues. This has not only led to an increase in waiting period (ranging from 3 months to 2 years) but is also keeping the customers frustrated. Healthy booking and single digit cancellation shows that demand may stay put even when normal supply resumes in months to come.

 

The CV segment especially buses are showing good demand due to re-opening of educational institutions.

 

Near Term Outlook

While the Russia – Ukraine war continues to create demand supply mis-match thus delaying the availability of PVs, RBI has warned of more inflation as the increase in wholesale prices will get passed on to the end consumers. This will result in a lower disposable income which will ultimately hamper Auto Sales.

 

RBI’s observation has come at a time when WPI Index rose by record 15.1% in the wake of high commodity prices and the impact of the breakdown in supply chains due to the War and the strict lockdown by China.

 

FADA hence continues to remain cautious for any further recovery in Auto Sales in the near term.

 

Key Findings from our Online Members Survey

  • Inventory at the end of May’22
    • Average inventory for Passenger Vehicles ranges from 15 – 20 days
    • Average inventory for Two – Wheelers ranges from 23 – 25 days

 

  • Liquidity
    • Good                   43.7%
    • Neutral               43.7%
    • Bad                      12.6%

 

  • Sentiment
    • Good                 44.2%
    • Neutral               42.2%
    • Bad                      13.6%

 

 

Chart showing Vehicle Retail Data

 

All India Vehicle Retail Data for May’22

CATEGORY

MAY'22

MAY'21

YoY %

MAY'20

% Change w.r.t MAY'20

MAY'19

% Change w.r.t MAY'19

2W

12,22,994

 4,10,871

197.66%

1,61,276

658.32%

14,20,563

-13.91%

3W

41,508

 5,215

695.93%

1,895

2090.40%

51,446

-19.32%

PV

2,63,152

 86,479

204.30%

31,951

723.61%

2,36,215

11.40%

TRAC

52,487

 16,623

215.75%

10,193

414.93%

39,438

33.09%

CV

66,632

 17,607

278.44%

1,049

6251.95%

75,238

-11.44%

LCV

38,635

9,463

308.27%

694

5467.00%

43,267

-10.71%

MCV

3,941

918

329.30%

2

196950.00%

5,077

-22.38%

HCV

20,945

6,252

235.01%

22

95104.55%

23,931

-12.48%

Others

3,111

974

219.40%

331

839.88%

2,963

4.99%

Total

16,46,773

 5,36,795

206.78%

2,06,364

697.99%

18,22,900

-9.66%

Source: FADA Research

 

Disclaimer:

  1. The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. However, for May’ 2022 Numbers Andhra Pradesh Data has been covered.
  2. Vehicle Retail Data has been collated as on 04.06.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,481 out of 1,616 RTOs.
  3. CV is subdivided in the following manner
    1. LCV – Light Commercial Vehicle (incl. Passenger & Goods Vehicle)
    2. MCV – Medium Commercial Vehicle (incl. Passenger & Goods Vehicle)
    3. HCV – Heavy Commercial Vehicle (incl. Passenger & Goods Vehicle)
    4. Others – Construction Equipment Vehicles and others

 

May’22 Category-wise market share can be found in Annexure 1, Page No. 04

 

About FADA India

 

Founded in 1964, Federation of Automobile Dealers Associations (FADA), is the apex national body of Automobile Retail Industry in India engaged in the sale, service and spares of 2/3 Wheelers, Passenger Cars, UVs, Commercial Vehicles (including buses and trucks) and Tractors. FADA India represents over 15,000 automobile dealers having 26,500 dealerships including multiple Associations of Automobile Dealers at the Regional, State and City levels representing the entire Auto Retail Industry. Together we employ ~4 million people at dealerships and service centres.

 

FADA India, at the same time also actively networks with the Industries and the authorities, both at the Central & State levels to provide its inputs and suggestions on the Auto Policy, Taxation, Vehicle Registration Procedure, Road Safety and Clean Environment, etc. to sustain the growth of the Automobile Retail Trade in India.

 

Annexure 1

 

OEM wise Market Share Data for the Month of May’22 with YoY comparison

 

Two – Wheeler (2W)

Two-Wheeler OEM

MAY'22

Market Share (%), MAY'22

MAY'21

Market Share (%), MAY'21

HERO MOTOCORP LTD

4,59,245

37.55%

1,92,987

46.97%

HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD

2,91,535

23.84%

   78,360

19.07%

TVS MOTOR COMPANY LTD

1,69,621

13.87%

   57,659

14.03%

BAJAJ AUTO LTD

1,23,083

10.06%

   45,557

11.09%

INDIA YAMAHA MOTOR PVT LTD

46,055

3.77%

    9,186

2.24%

ROYAL-ENFIELD (UNIT OF EICHER LTD)

45,671

3.73%

   14,977

3.65%

SUZUKI MOTORCYCLE INDIA PVT LTD

42,300

3.46%

    9,478

2.31%

OKINAWA AUTOTECH PVT LTD

9,303

0.76%

      217

0.05%

OLA ELECTRIC TECHNOLOGIES PVT LTD

9,225

0.75%

       - 

0.00%

AMPERE VEHICLES PRIVATE LIMITED

5,836

0.48%

      147

0.04%

PIAGGIO VEHICLES PVT LTD

3,617

0.30%

      668

0.16%

CLASSIC LEGENDS PVT LTD

3,548

0.29%

      650

0.16%

ATHER ENERGY PVT LTD

3,323

0.27%

      160

0.04%

HERO ELECTRIC VEHICLES PVT. LTD

2,850

0.23%

      170

0.04%

REVOLT INTELLICORP PVT LTD

1,585

0.13%

       42

0.01%

PUR ENERGY PVT LTD

1,466

0.12%

      122

0.03%

Others including EV

4,731

0.39%

491

0.12%

Total

12,22,994

100.00%

4,10,871

100.0%

Source: FADA Research

 

Disclaimer:

  1. The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. However, for May’ 2022 Numbers Andhra Pradesh Data has been covered.
  2. Vehicle Retail Data has been collated as on 04.06.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,481 out of 1,616 RTOs.
  3. Others include OEMs accounting less than 0.1% Market Share. 

 

Three-Wheeler (3W)

Three-Wheeler OEM

MAY'22

Market Share (%), MAY'22

MAY'21

Market Share (%), MAY'21

BAJAJ AUTO LTD

10,492

25.28%

   1,872

35.90%

PIAGGIO VEHICLES PVT LTD

4,177

10.06%

    664

12.73%

YC ELECTRIC VEHICLE

2,045

4.93%

    170

3.26%

MAHINDRA & MAHINDRA LIMITED

1,764

4.25%

    379

7.27%

SAERA ELECTRIC AUTO PVT LTD

1,367

3.29%

      99

1.90%

TVS MOTOR COMPANY LTD

1,218

2.93%

    130

2.49%

ATUL AUTO LTD

1,146

2.76%

    286

5.48%

MAHINDRA REVA ELECTRIC VEHICLES PVT LTD

1,073

2.59%

    122

2.34%

DILLI ELECTRIC AUTO PVT LTD

1,019

2.45%

      53

1.02%

CHAMPION POLY PLAST

940

2.26%

      60

1.15%

UNIQUE INTERNATIONAL

770

1.86%

      61

1.17%

MINI METRO EV L.L.P

752

1.81%

      26

0.50%

J. S. AUTO (P) LTD

623

1.50%

      47

0.90%

TERRA MOTORS INDIA PVT LTD

546

1.32%

      40

0.77%

BEST WAY AGENCIES PVT LTD

542

1.31%

    119

2.28%

VANI ELECTRIC VEHICLES PVT LTD

476

1.15%

      94

1.80%

ALLFINE INDUSTRIES PVT LTD

442

1.06%

      39

0.75%

ENERGY ELECTRIC VEHICLES

422

1.02%

      29

0.56%

SKS TRADE INDIA PVT LTD

422

1.02%

      14

0.27%

Others including EV

11,272

27.16%

911

17.47%

Total

41,508

100.00%

   5,215

100.00%

 

Source: FADA Research

 

Disclaimer:

  1. The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. However, for May’ 2022 Numbers Andhra Pradesh Data has been covered.
  2. Vehicle Retail Data has been collated as on 04.06.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,481 out of 1,616 RTOs.
  3. Others include OEMs accounting less than 1% Market Share.


Commercial Vehicle (CV)

Commercial Vehicle OEM

MAY'22

Market Share (%), MAY'22

MAY'21

Market Share (%), MAY'21

TATA MOTORS LTD

27,553

41.35%

7,373

41.88%

MAHINDRA & MAHINDRA LIMITED

14,739

22.12%

3,372

19.15%

ASHOK LEYLAND LTD

10,391

15.59%

2,792

15.86%

VE COMMERCIAL VEHICLES LTD

4,528

6.80%

928

5.27%

MARUTI SUZUKI INDIA LTD

3,027

4.54%

887

5.04%

DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD

1,161

1.74%

446

2.53%

FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE

1,141

1.71%

639

3.63%

SML ISUZU LTD

860

1.29%

123

0.70%

Others

3,232

4.85%

1,047

5.95%

Total

66,632

100.00%

17,607

100.00%

 

Source: FADA Research

 

Disclaimer:

  1. The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. However, for May’ 2022 Numbers Andhra Pradesh Data has been covered.
  2. Vehicle Retail Data has been collated as on 04.06.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,481 out of 1,616 RTOs.

 

 

 

 

Passenger Vehicle (PV)

Passenger Vehicle OEM

MAY'22

Market Share (%), MAY'22

MAY'21

Market Share (%), MAY'21

MARUTI SUZUKI INDIA LTD

1,10,602

42.03%

36,758

42.51%

HYUNDAI MOTOR INDIA LTD

38,311

14.56%

16,225

18.76%

TATA MOTORS LTD

35,345

13.43%

9,481

10.96%

MAHINDRA & MAHINDRA LIMITED

19,707

7.49%

5,597

6.47%

KIA MOTORS INDIA PVT LTD

17,121

6.51%

5,249

6.07%

TOYOTA KIRLOSKAR MOTOR PVT LTD

11,425

4.34%

2,878

3.33%

SKODA AUTO VOLKSWAGEN GROUP

7,285

2.77%

606

0.70%

SKODA AUTO VOLKSWAGEN INDIA PVT LTD

7,250

2.76%

554

0.64%

VOLKSWAGEN AG/INDIA PVT. LTD.

8

0.00%

26

0.03%

AUDI AG

27

0.01%

22

0.03%

SKODA AUTO INDIA/AS PVT LTD

0

0.00%

4

0.00%

HONDA CARS INDIA LTD

7,177

2.73%

2,265

2.62%

RENAULT INDIA PVT LTD

6,428

2.44%

2,501

2.89%

MG MOTOR INDIA PVT LTD

2,706

1.03%

1,173

1.36%

NISSAN MOTOR INDIA PVT LTD

2,097

0.80%

1,025

1.19%

MERCEDES -BENZ GROUP

1,027

0.39%

211

0.24%

MERCEDES-BENZ INDIA PVT LTD

990

0.38%

203

0.23%

MERCEDES -BENZ AG

37

0.01%

4

0.00%

DAIMLER AG

0

0.00%

4

0.00%

FIAT INDIA AUTOMOBILES PVT LTD

905

0.34%

331

0.38%

BMW INDIA PVT LTD

738

0.28%

160

0.19%

FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE

288

0.11%

34

0.04%

JAGUAR LAND ROVER INDIA LIMITED

121

0.05%

42

0.05%

VOLVO AUTO INDIA PVT LTD

114

0.04%

40

0.05%

PORSCHE AG GERMANY

61

0.02%

7

0.01%

PCA AUTOMOBILES INDIA PVT LTD

36

0.01%

19

0.02%

FORD INDIA PVT LTD

23

0.01%

1,698

1.96%

AUTOMOBILI LAMBORGHINI S.P.A

7

0.00%

2

0.00%

BENTLEY MOTORS LTD

1

0.00%

0

0.00%

Others

1,627

0.62%

177

0.20%

Total

2,63,152

100.00%

86,479

100.00%

 

Source: FADA Research

 

Disclaimer:

  1. The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. However, for May’ 2022 Numbers Andhra Pradesh Data has been covered.
  2. Vehicle Retail Data has been collated as on 04.06.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,481 out of 1,616 RTOs.

 

 

 

Tractor (TRAC)

Tractor OEM

MAY'22

Market Share (%), MAY'22

MAY'21

Market Share (%), MAY'21

MAHINDRA & MAHINDRA LIMITED (TRACTOR)

11,960

22.79%

3,805

22.89%

MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION)

8,789

16.75%

2,951

17.75%

TAFE LIMITED

6,821

13.00%

1,902

11.44%

INTERNATIONAL TRACTORS LIMITED

6,111

11.64%

2,216

13.33%

ESCORTS LIMITED (AGRI MACHINERY GROUP)

5,826

11.10%

1,739

10.46%

JOHN DEERE INDIA PVT LTD(TRACTOR DEVISION)

3,898

7.43%

1,316

7.92%

EICHER TRACTORS

2,999

5.71%

870

5.23%

CNH INDUSTRIAL (INDIA) PVT LTD

2,254

4.29%

597

3.59%

KUBOTA AGRICULTURAL MACHINERY INDIA PVT.LTD.

1,161

2.21%

192

1.16%

V.S.T. TILLERS TRACTORS LIMITED

354

0.67%

81

0.49%

INDO FARM EQUIPMENT LIMITED

325

0.62%

89

0.54%

FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE

301

0.57%

45

0.27%

CAPTAIN TRACTORS PVT. LTD.

157

0.30%

111

0.67%

Others

1,531

2.92%

709

4.27%

Total

52,487

100.00%

16,623

100.00%

 

Source: FADA Research

 

Disclaimer:

  1. The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4. However, for May’ 2022 Numbers Andhra Pradesh Data has been covered.
  2. Vehicle Retail Data has been collated as on 04.06.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,481 out of 1,616 RTOs.

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