to the latest retail data provided by the Federation of Automobile Dealers
Associations (FADA), total vehicle retails for the month of July 2021 have
increased by 34.12% on year on year basis. When compared to July’19 (a regular
pre-covid month), the recovery is visible as the deficit reduces to low double
digits of -13.22%.
on YoY basis, all categories were in green with 2W up by 28%, 3W up by 83%, PV
up by 63%, Tractor up by 7% and CV up by 166%.
tractors, PV for the first time shows strong numbers by clocking 24% growth
when compared to pre-covid month of July’19.
despite this euphoria, FADA has been raising a red flag about semi-conductor
shortage for quite some time. The situation is now becoming grave with
ever-increasing supply-side constraints.
the Delta variant of covid and a possibility of 3rd wave continue to remain a
threat for stable auto retails, feels FADA.
President Vinkesh Gulati said, “With entire country now open, July continues to
see robust recovery in Auto Retails as demand across all categories remain
high. The low base effect also continues to play its part. With all categories
in green, CV’s continue to see increase in demand specially in M&HCV
segment with the Government rolling out infrastructure projects in many parts
of the country,”.
witnesses high demand specially with buzz around new launches and compact SUV
period due to supply side constraints have been persisting since quite a few
months and is now becoming a deep routed issue for OEM’s,” he cautioned.
2W segment though continues to see positive demand YoY, the rate of recovery
remains sluggish as customers at the bottom of the pyramid suffer with poor
disposable income and rural markets where covid cases were high during the 2nd
wave,” he noted.
Retails have now started narrowing the deficit when compared to pre-covid
Near Term Outlook
month of August begins on a positive note as demand and enquiry levels continue
to improve across all categories. With IMD forecasting a normal monsoon during
August- September period, sowing operations will pick up gradually. This will have
a rub off effect on rural sales especially in Tractor segment, said FADA.
the other hand, the global semi-conductor shortage is now becoming a deep
routed problem for the PV segment which is now above the pre-pandemic mark.
FADA has been raising red-flag since quite some time on demand-supply
an internal survey conducted by FADA, 60% Dealers of PV segment said that they
have at least 2
waiting period for select variants, while 35% Dealers also said that the
waiting period is more than 4 months among select variants.
India Vehicle Retail Data for July’21
% Chg, JUL'19
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 07.08.21 in collaboration with
Ministry of Road Transport & Highways,
of India and has been gathered from 1,305 out of 1,519 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
Helmet manufacturer Steelbird Hi-tech India (SBHT) has introduced a new range of helmets namely “Blauer BET”. The biggest highlight of Blauer BET helmets is that they meet the new European Safety Stan...
Cars24 India's leading e-commerce platform for pre-owned vehicles unveiled the first of its kind tech mascot for the brand, Car-Lee, inspired from the legend Bruce Lee, on this National Technology Day...
ABB Robotics has collaborated with two world-renowned artists, eight-year-old Indian child prodigy Advait Kolarkar and Dubai-based digital design collective Illusorr, to create the world’s first robot...