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:
- 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.
- 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.
- 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
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:
- 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.
- 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.
- 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:
- 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.
- 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.
- 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:
- 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.
- 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:
- 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.
- 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:
- 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.
- 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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