New Delhi, Oct 7 (KNN) As per the Vehicle Retail Data released by Federation of Automobile Dealers Associations (FADA) today, on Year over Year (YoY) basis, total vehicle retails for the month of September’21 has decreased by -5.27%. When compared to September’19 (a regular pre-covid month), overall retails continue to fall by -13.50%.

Commenting on how this year’s September performed, FADA President, Vinkesh Gulati said, “Auto retail in the month of September has taken a pause as overall sales were down by -5%. During the 1^st 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 fr0m 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.

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 fr0m fulfilling their mobility needs.

All India Vehicle Retail Data for September’21

Source: FADA Research

All India Vehicle Retail Data for Apr- September’21 (1^st Half FY21)

Source: FADA Research

Disclaimer:

1. The above numbers do not have figures fr0m AP, MP, LD & TS as they are not yet on Vahan 4.
2. 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 fr0m 1,347 out of 1,562 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

September’21 Category-wise market share can be found in Annexure 1, Page No. 04

Annexure 1

OEM wise Market Share Data for the Month of September’21 with YoY comparison

Source: FADA Research

Disclaimer:

1. The above numbers do not have figures fr0m AP, MP, LD & TS as they are not yet on Vahan 4.
2. 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 fr0m 1,347 out of 1,562 RTOs.
3. Others include OEMs accounting less than 0.1% Market Share.

Source: FADA Research

Disclaimer:

1. The above numbers do not have figures fr0m AP, MP, LD & TS as they are not yet on Vahan 4.
2. 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 fr0m 1,347 out of 1,562 RTOs.
3. Others include OEMs accounting less than 1% Market Share.