sales of automobiles, barring passenger vehicles (PVs) and tractors, in India
continue to remain subdued in May 2022 if one were to compare it with the
retail figures of the year 2019, as both 2020 and 2021 were partially affected
by the pandemic.
May’22 retail figures when compared to May’19 reveal that auto
retail is still not on growth trajectory as overall retails were down by -10%.
This was revealed by the data provided by the Federation of Automobile Dealers
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.
has also informed 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.
on how May’22 performed, FADA President 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.”
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 deterrent for some, Gulati informed.
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.
PV segment which has already surpassed May’19 numbers is witnessing huge
demand. Dealers are not been 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, FADA noted.
All India Vehicle Retail Data for May’22
% Change w.r.t MAY'19
Source: FADA Research
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 &
MCV – Medium Commercial Vehicle (incl. Passenger &
HCV – Heavy Commercial Vehicle (incl. Passenger &
Others – Construction Equipment Vehicles and others
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