Federation of Automobile Dealers Associations (FADA) has in its Monthly Vehicle
Registration Data for March 2021 stated that while March automobile
registrations continue to fall by (-)28.64% year on year (YoY ), it grew 10.05%
month on month (MoM).
stated that the tractors and passenger vehicles sustained its healthy momentum
by growing 29.21% and 28.39% YoY on a low base that was a result of transition
from BS-4 to BS-6 and India going under lockdown last year. On YoY basis, 2W,
3W and CV unrelentingly fell by -35.26%, -50.72% and -42.20% respectively.
MoM basis 2W, 3W, CV, PV and tractors grew by 9.54%, 14.15%, 14,15%, 10,11% and
12.60% respectively. Passenger vehicle waiting period continued to hold its
ground and remained as high as 7 months as scarcity of semiconductors continued.
Around 47% PV dealers said that they lost more than 20% sales due to supply
was no significant change in dealer inventory days as PV & 2W inventory
remained in the range of 10-15 and 30-35 days. FADA has cautioned that the second
wave of Covid is not only spreading faster but is also trying to destabilise
the growth which India has been able to achieve in last few months. Any
lockdown at this point will severely hamper the momentum of growth in the auto
on how March’21 performed, FADA President, Vinkesh Gulati said, “Auto
Registrations for the month of March witnessed double digit fall to the tune of
-28.64% YoY, in spite of 7 days of lockdown last year.”
continued its dream run as rural incomes saw improvements after successive
monsoons and good rabi produce. If experts are to be believed, India will
witness a normal monsoon for the 3rd year in a row. This will further see
tractors performing well in FY 21-22.
to Pew Research, financial woes brought by Covid-19 have pushed about 32 million
Indians out of the middle class, undoing years of economic gains. This had its
impact on 2-wheelers as it saw one of its steepest de-growth in last few
months. This coupled with high fuel prices and price increase acted as double
whammy. It not only created a havoc in entry level customers mind but also kept
them away from visiting showrooms.
3-wheeler marketing is witnessing a tactical shift from ICE to EV’s. While
prices of vehicles are increasing due to BS-6 and metals prices, customers
coming from lower income category are not able to re-pay EMI’s due to poor
income. This coupled with social distancing norms and educational institutions
still closed are keeping riders away.
vehicles continued to degrow on YoY basis. High BS-6 prices, low finance
availability, repayment pressure due to moratorium period getting over, were
the few reasons for non-performance. The category showed growth in some
markets/sub categories where Government Infrastructure spending has begun. Bus
segment continued to suffer due to ongoing pandemic, the FADA president concluded.
month of April comes with festivities like Ugadi, Gudi Padwa, Baisakhi and
Poila Boishakh. This coupled with marriage season is generally a high sales
period. At this juncture, the second wave of Covid is not only spreading faster
but is also trying to destabilize the growth which India has been able to
achieve in last few months. Any lockdown at this point will severely hamper the
momentum which is getting built for Auto Industry to come out of the woods.
of Covid and fear amongst consumer’s with last year’s sight in mind has started
keeping them away from making high ticket purchase. The effects of the same can
be seen in 2-Wheeler category where inquiry levels are low. This coupled with
semiconductor shortage will continue to hamper not only passenger vehicles but
also two wheelers as ABS shortage is currently ringing alarm bells.
Maharashtra contributes 10-11% of the auto retail, the current Lockdown will
have catastrophic effect on overall sales for the month of April. Overall, FADA
maintains extreme caution for the month of April as Covid rises to newer highs.
India Vehicle Registration Data for March’21
above numbers do not have figures from AP, MP, LD & TS as they are not yet
on Vahan 4.
Registration Data has been collated as on 06.04.21 in collaboration with
Ministry of Road Transport & Highways, Government of India and has been
gathered from 1,277 out of 1,482 RTOs.
is subdivided in the following manner
– Light Commercial Vehicle (incl. Passenger & Goods Vehicle)
– Medium Commercial Vehicle (incl. Passenger & Goods Vehicle)
– Heavy Commercial Vehicle (incl. Passenger & Goods Vehicle)
– Construction Equipment Vehicles and others
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