Mumbai: The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for August’21.
August’21 Retails
Commenting on how August’21 performed, FADA President, Mr. Vinkesh Gulati said, “Auto Dealers are facing the most challenging phase of their business career as Covid-19 after-effect continues to play spoil-sport. While until last year, when demand was a challenge, supply is becoming a bigger problem currently due to shortage of semi-conductors, even though there is high demand for passenger vehicles.
Every dealer by now starts planning for a bigger offtake in anticipation of a bumper festive but due to supply issues, inventory levels are at lowest levels during this Financial Year.
The 2W market is highly price sensitive. With multiple price hikes, increased fuel cost coupled with Educational Institutions remaining closed, the impact could be felt on the overall segment. Customers continued to fight financial battle due to Covid related health issues and hence remained away from dealerships resulting in low enquiry and lower sales. This has its impact on the entry level segment which continues to face the biggest brunt.
CV segment continues to witness some recovery coming back majorly due to low base of last year. While SCV’s had already shown good recovery due to intra city goods movement, M&HCVs are picking up pace only in specific geographies where the Government is rolling out infrastructure projects. Acquisition cost post BS-6 implementation along with financers keeping away from the segment and high fuel cost continues to restrict recovery in CV demand.”
Near Term Outlook
With OEMs drastically cutting down productions due to unavailability of semi-conductors & ABS chips, shortage of containers and high metal prices, customers for the first time may not get a vehicle of their choice and lucrative schemes during this festive season. Ultra-frequent price increase is also keeping entry level buyers at bay.
Customers especially at the bottom of the pyramid are shifting their priority from saving instead of spending. This will hence keep demand for 2-wheelers a concern. Though, with Educational Institutions slowly opening up, a ray of hope can be seen for an improved demand in 2-Wheeler category in coming months.
FADA thus sees that the near term outlook will continue to remain a mixed bag with PVs witnessing demand-supply mis-match and 2W facing a demand crunch.
- Inventory at the end of July’21
- Average inventory for Passenger Vehicles ranges from 25-30 days
- Average inventory for Two – Wheelers ranges from 20-25 days
- Liquidity
- 40.6% Dealers rated it as neutral
- 37.8% Dealers rated it as good
- 21.7% Dealers rated it as bad
- Upcoming Festive Season
- 44.9% Dealers rated it as Good
- 40.4% Dealers rated it as Neutral
- 14.6% Dealers rated it as Bad
Chart showing Vehicle Retail Data
All India Vehicle Retail Data for August’21
| CATEGORY | AUG’21 | AUG’20 | YoY % | AUG’19 | % Chg, AUG’19 |
| 2W | 9,76,051 | 9,15,126 | 6.66% | 12,61,432 | -22.62% |
| 3W | 30,410 | 16,923 | 79.70% | 55,292 | -45.00% |
| PV | 2,53,363 | 1,82,651 | 38.71% | 1,92,417 | 31.67% |
| TRAC | 71,737 | 67,999 | 5.50% | 52,757 | 35.98% |
| CV | 53,150 | 26,851 | 97.94% | 62,319 | -14.71% |
| LCV | 34,829 | 21,520 | 61.84% | 38,029 | -8.41% |
| MCV | 2,947 | 741 | 297.71% | 3,963 | -25.64% |
| HCV | 12,463 | 2,365 | 426.98% | 18,013 | -30.81% |
| Others | 2,911 | 2,225 | 30.83% | 2,314 | 25.80% |
| Total | 13,84,711 | 12,09,550 | 14.48% | 16,24,217 | -14.75% |
Source: FADA Research
Disclaimer:
- 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 05.09.21 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,313 out of 1,527 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
Aug’21 Category-wise market share can be found in Annexure 1, Page No. 04
—– End of Press Release —-
Annexure 1
OEM wise Market Share Data for the Month of August’21 with YoY comparison
| Two-Wheeler (2W) | ||||
| Two-Wheeler OEM | AUG’21 | Market Share (%), AUG’21 | AUG’20 | Market Share (%), AUG’20 |
| HERO MOTOCORP LTD | 3,13,074 | 32.08% | 3,32,559 | 36.34% |
| HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD | 2,48,108 | 25.42% | 2,29,541 | 25.08% |
| TVS MOTOR COMPANY LTD | 1,48,739 | 15.24% | 1,41,947 | 15.51% |
| BAJAJ AUTO LTD | 1,23,697 | 12.67% | 1,01,489 | 11.09% |
| SUZUKI MOTORCYCLE INDIA PVT LTD | 44,969 | 4.61% | 31,328 | 3.42% |
| INDIA YAMAHA MOTOR PVT LTD | 40,292 | 4.13% | 36,245 | 3.96% |
| ROYAL-ENFIELD (UNIT OF EICHER LTD) | 36,733 | 3.76% | 35,951 | 3.93% |
| HERO ELECTRIC VEHICLES PVT. LTD | 5,174 | 0.53% | 523 | 0.06% |
| PIAGGIO VEHICLES PVT LTD | 3,526 | 0.36% | 2,507 | 0.27% |
| OKINAWA AUTOTECH PVT LTD | 2,854 | 0.29% | 413 | 0.05% |
| CLASSIC LEGENDS PVT LTD | 2,377 | 0.24% | 1,398 | 0.15% |
| ATHER ENERGY PVT LTD | 1,611 | 0.17% | 243 | 0.03% |
| PUR ENERGY PVT LTD | 1,093 | 0.11% | 79 | 0.01% |
| Others | 3,804 | 0.39% | 903 | 0.10% |
| Total | 9,76,051 | 100.00% | 9,15,126 | 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.
- Vehicle Retail Data has been collated as on 05.09.21 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,313 out of 1,527 RTOs.
- Others include OEMs accounting less than 0.1% Market Share.
| Three-Wheeler (3W) | ||||
| Three-Wheeler OEM | AUG’21 | Market Share (%), AUG’21 | AUG’20 | Market Share (%), AUG’20 |
| BAJAJ AUTO LTD | 11,006 | 36.19% | 6,444 | 38.08% |
| PIAGGIO VEHICLES PVT LTD | 3,841 | 12.63% | 3,701 | 21.87% |
| YC ELECTRIC VEHICLE | 1,187 | 3.90% | 572 | 3.38% |
| ATUL AUTO LTD | 1,133 | 3.73% | 627 | 3.71% |
| MAHINDRA & MAHINDRA LIMITED | 1,111 | 3.65% | 290 | 1.71% |
| MAHINDRA REVA ELECTRIC VEHICLES PVT LTD | 616 | 2.03% | 225 | 1.33% |
| SAERA ELECTRIC AUTO PVT LTD | 606 | 1.99% | 371 | 2.19% |
| TVS MOTOR COMPANY LTD | 603 | 1.98% | 411 | 2.43% |
| CHAMPION POLY PLAST | 567 | 1.86% | 146 | 0.86% |
| DILLI ELECTRIC AUTO PVT LTD | 443 | 1.46% | 150 | 0.89% |
| THUKRAL ELECTRIC BIKES PVT LTD | 402 | 1.32% | 148 | 0.87% |
| BEST WAY AGENCIES PVT LTD | 396 | 1.30% | 114 | 0.67% |
| UNIQUE INTERNATIONAL | 382 | 1.26% | 121 | 0.72% |
| J. S. AUTO (P) LTD | 344 | 1.13% | 121 | 0.72% |
| VANI ELECTRIC VEHICLES PVT LTD | 335 | 1.10% | 237 | 1.40% |
| MINI METRO EV L.L.P | 311 | 1.02% | 117 | 0.69% |
| Others | 7,127 | 23.44% | 3,128 | 18.48% |
| Total | 30,410 | 100.00% |
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