This
was revealed in the FADA monthly vehicle retail data for May 2021. Unlike other
months, FADA could not represent a year on year (YoY) comparison since India
was under complete lockdown in May 2020. Hence, all comparisons for the month of May 2021 have been done with
April’21 (MoM) and 2 year back with May 2019.
FADA
President Vinkesh Gulati noted, “The 2nd
wave of covid has left the entire country devastated as there may not be a
single household which did not get affected. Apart from urban markets, this
time, even rural areas were badly hit. May saw continued lockdown in most of
the states.”
“While
a handful of OEMs (Tata Motors – CV, Renault, Bharat Benz and HMSI) have
announced financial help to their channel partners, others are yet to do so.
Hence, FADA humbly requests all those OEMs which have still not announced any
financial assistance to kindly do it urgently,” he added.
FADA
also appealed to the Prime Minister that instead of restructuring, banks should
allow a moratorium of 90 days to all categories of dealers without keeping a
turnover limit. This is required as Auto Retail Trade works on the principle
where dealers get funded from financial institutes in terms of inventory
funding for a period of 30-45 days (depending from bank to bank) to purchase
vehicles from Auto OEMs.
Since
the current lockdown has already lasted well over 30-45 days and is still
continuing in South India, revenue for most of the dealers are negligible as
there was minimal sales. Due to this, dealers will not be able to repay their
loan tranche payment which is getting due. This will ultimately lead to default.
Since there are no guidelines, extension of tranche is considered as
restructuring of loan. This will ultimately have a negative impact on dealers
credit score as their CIBIL rating will get impacted, FADA cautioned.
Near Term Outlook
The
1st nine days of June have seen better than expected retails due to pent up
demand which was there in the system when states started implementing lockdown.
If the trend continues, FADA hopes almost similar sales when compared to
June’20 last year.
All-India
Vehicle Retail Data for May’21
|
CATEGORY
|
MAY'21
|
MAY'19
|
% Change w.r.t MAY'19
|
APR'21
|
MoM %
|
|
2W
|
4,10,757
|
14,20,442
|
-71.08%
|
8,65,134
|
-52.52%
|
|
3W
|
5,215
|
51,428
|
-89.86%
|
21,636
|
-75.90%
|
|
PV
|
85,733
|
2,36,157
|
-63.70%
|
2,08,883
|
-58.96%
|
|
TRAC
|
16,616
|
39,417
|
-57.85%
|
38,285
|
-56.60%
|
|
CV
|
17,534
|
75,122
|
-76.66%
|
51,436
|
-65.91%
|
|
LCV
|
9,411
|
43,255
|
-78.24%
|
28,511
|
-66.99%
|
|
MCV
|
915
|
5,075
|
-81.97%
|
3,547
|
-74.20%
|
|
HCV
|
6,233
|
23,839
|
-73.85%
|
16,062
|
-61.19%
|
|
Others
|
975
|
2,953
|
-66.98%
|
3,316
|
-70.60%
|
|
Total
|
5,35,855
|
18,22,566
|
-70.60%
|
11,85,374
|
-54.79%
|
Source:
FADA Research
Disclaimer:
1-
The above numbers do not have figures from AP, MP, LD & TS as they are not
yet on Vahan 4.
2-
Vehicle Retail Data has been collated as on 08.06.21 in collaboration with
Ministry of Road Transport & Highways,
Government
of India and has been gathered from 1,294 out of 1,497 RTOs.
3-
CV is subdivided in the following manner LCV – Light Commercial Vehicle (incl.
Passenger & Goods Vehicle)
b.
MCV – Medium Commercial Vehicle (incl. Passenger & Goods Vehicle)
c.
HCV – Heavy Commercial Vehicle (incl. Passenger & Goods Vehicle)
d.
Others – Construction Equipment Vehicles and others
OEM wise Market Share Data for the Month of May’21
with MoM comparison
|
TWO-WHEELERS (2W)
|
|
Two-Wheeler OEM
|
MAY'21
|
Market Share (%), MAY'21
|
APR'21
|
Market Share (%), APR'21
|
|
HERO MOTOCORP LTD
|
1,92,968
|
46.98%
|
2,99,576
|
34.63%
|
|
HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD
|
78,343
|
19.07%
|
2,17,832
|
25.18%
|
|
TVS MOTOR COMPANY LTD
|
57,652
|
14.04%
|
1,28,365
|
14.84%
|
|
BAJAJ AUTO LTD
|
45,550
|
11.09%
|
98,041
|
11.33%
|
|
ROYAL-ENFIELD (UNIT OF EICHER LTD)
|
14,942
|
3.64%
|
42,120
|
4.87%
|
|
SUZUKI MOTORCYCLE INDIA PVT LTD
|
9,468
|
2.31%
|
33,699
|
3.90%
|
|
INDIA YAMAHA MOTOR PVT LTD
|
9,182
|
2.24%
|
34,817
|
4.02%
|
|
PIAGGIO VEHICLES PVT LTD
|
667
|
0.16%
|
3,262
|
0.38%
|
|
CLASSIC LEGENDS PVT LTD
|
643
|
0.16%
|
2,036
|
0.24%
|
|
BMW INDIA PVT LTD
|
144
|
0.04%
|
230
|
0.03%
|
|
INDIA KAWASAKI MOTORS PVT LTD
|
55
|
0.01%
|
97
|
0.01%
|
|
ADISHWAR AUTO RIDE INDIA PVT LTD
|
41
|
0.01%
|
141
|
0.02%
|
|
TRIUMPH MOTORCYCLES (INDIA) PVT LTD
|
23
|
0.01%
|
37
|
0.00%
|
|
H-D MOTOR COMPANY INDIA PVT LTD
|
4
|
0.00%
|
19
|
0.00%
|
|
DUCATI INDIA PVT LTD
|
1
|
0.00%
|
14
|
0.00%
|
|
DUCATI MOTOR HOLDING S.P.A
|
-
|
0.00%
|
-
|
0.00%
|
|
Others including EV
|
1,074
|
0.26%
|
4,848
|
0.56%
|
|
Total
|
4,10,757
|
100.00%
|
8,65,134
|
100.00%
|
|
THREE-WHEELERS (3W)
|
|
Three-Wheeler OEM
|
MAY'21
|
Market Share (%), MAY'21
|
APR'21
|
Market Share (%), APR'21
|
|
BAJAJ AUTO LTD
|
1872
|
35.90%
|
7,741
|
35.78%
|
|
PIAGGIO VEHICLES PVT LTD
|
664
|
12.73%
|
3,380
|
15.62%
|
|
MAHINDRA & MAHINDRA LIMITED
|
379
|
7.27%
|
1,356
|
6.27%
|
|
ATUL AUTO LTD
|
286
|
5.48%
|
833
|
3.85%
|
|
YC ELECTRIC VEHICLE
|
170
|
3.26%
|
758
|
3.50%
|
|
TVS MOTOR COMPANY LTD
|
130
|
2.49%
|
493
|
2.28%
|
|
MAHINDRA REVA ELECTRIC VEHICLES PVT LTD
|
122
|
2.34%
|
452
|
2.09%
|
|
Others including EV
|
1,592
|
30.53%
|
6,623
|
30.61%
|
|
Total
|
5,215
|
100.00%
|
21,636
|
100.00%
|
|
COMMERCIAL VEHICLES (CV)
|
|
Commercial Vehicle OEM
|
MAY'21
|
Market Share (%), MAY'21
|
APR'21
|
Market Share (%), APR'21
|
|
TATA MOTORS LTD
|
7359
|
41.97%
|
21,801
|
42.38%
|
|
MAHINDRA & MAHINDRA LIMITED
|
3366
|
19.20%
|
9,773
|
19.00%
|
|
ASHOK LEYLAND LTD
|
2785
|
15.88%
|
8,185
|
15.91%
|
|
VE COMMERCIAL VEHICLES LTD
|
923
|
5.26%
|
3,409
|
6.63%
|
|
MARUTI SUZUKI INDIA LTD
|
848
|
4.84%
|
2,420
|
4.70%
|
|
FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE
|
639
|
3.64%
|
541
|
1.05%
|
|
DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD
|
445
|
2.54%
|
1,247
|
2.42%
|
|
SML ISUZU LTD
|
122
|
0.70%
|
485
|
0.94%
|
|
Others
|
1,047
|
5.97%
|
3,575
|
6.95%
|
|
Total
|
17,534
|
100.00%
|
51,436
|
100.00%
|
|
PASSENGER VEHICLES (PV)
|
|
Passenger Vehicle OEM
|
MAY'21
|
Market Share (%), MAY'21
|
APR'21
|
Market Share (%), APR'21
|
|
MARUTI SUZUKI INDIA LTD
|
36,659
|
42.76%
|
96,743
|
46.31%
|
|
HYUNDAI MOTOR INDIA LTD
|
16,051
|
18.72%
|
33,590
|
16.08%
|
|
TATA MOTORS LTD
|
9,392
|
10.95%
|
19,137
|
9.16%
|
|
MAHINDRA & MAHINDRA LIMITED
|
5,531
|
6.45%
|
11,788
|
5.64%
|
|
KIA MOTORS INDIA PVT LTD
|
5,159
|
6.02%
|
11,517
|
5.51%
|
|
TOYOTA KIRLOSKAR MOTOR PVT LTD
|
2,790
|
3.25%
|
8,690
|
4.16%
|
|
RENAULT INDIA PVT LTD
|
2,492
|
2.91%
|
7,124
|
3.41%
|
|
HONDA CARS INDIA LTD
|
2,240
|
2.61%
|
5,342
|
2.56%
|
|
FORD INDIA PVT LTD
|
1,671
|
1.95%
|
4,214
|
2.02%
|
|
MG MOTOR INDIA PVT LTD
|
1,148
|
1.34%
|
2,830
|
1.35%
|
|
NISSAN MOTOR INDIA PVT LTD
|
1,017
|
1.19%
|
2,503
|
1.20%
|
|
SKODA AUTO VOLKSWAGEN INDIA PVT LTD
|
544
|
0.63%
|
2,270
|
1.09%
|
|
FIAT INDIA AUTOMOBILES PVT LTD
|
320
|
0.37%
|
738
|
0.35%
|
|
MERCEDES-BENZ INDIA PVT LTD
|
198
|
0.23%
|
524
|
0.25%
|
|
BMW INDIA PVT LTD
|
152
|
0.18%
|
557
|
0.27%
|
|
JAGUAR LAND ROVER INDIA LIMITED
|
39
|
0.05%
|
144
|
0.07%
|
|
VOLVO AUTO INDIA PVT LTD
|
36
|
0.04%
|
86
|
0.04%
|
|
FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE
|
34
|
0.04%
|
167
|
0.08%
|
|
VOLKSWAGEN AG/INDIA PVT. LTD.
|
25
|
0.03%
|
41
|
0.02%
|
|
AUDI AG
|
22
|
0.03%
|
75
|
0.04%
|
|
PORSCHE AG GERMANY
|
6
|
0.01%
|
23
|
0.01%
|
|
MERCEDES -BENZ AG
|
4
|
0.00%
|
12
|
0.01%
|
|
SKODA AUTO INDIA/AS PVT LTD
|
3
|
0.00%
|
16
|
0.01%
|
|
AUTOMOBILI LAMBORGHINI S.P.A
|
2
|
0.00%
|
5
|
0.00%
|
|
FERRARI INDIA PRIVATE LIMITED
|
2
|
0.00%
|
-
|
0.00%
|
|
ROLLS ROYCE
|
-
|
0.00%
|
-
|
0.00%
|
|
BENTLEY MOTORS LTD
|
-
|
0.00%
|
-
|
0.00%
|
|
Others
|
196
|
0.23%
|
747
|
0.36%
|
|
Total
|
85,733
|
100.00%
|
2,08,883
|
100.00%
|
|
TRACTORS
|
|
Tractor OEM
|
MAY'21
|
Market Share (%), MAY'21
|
APR'21
|
Market Share (%), APR'21
|
|
MAHINDRA & MAHINDRA LIMITED (TRACTOR)
|
3,803
|
22.9%
|
8,067
|
21.07%
|
|
MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION)
|
2,952
|
17.8%
|
6,222
|
16.25%
|
|
INTERNATIONAL TRACTORS LIMITED
|
2,216
|
13.3%
|
4,718
|
12.32%
|
|
TAFE LIMITED
|
1,901
|
11.4%
|
4,506
|
11.77%
|
|
ESCORTS LIMITED (AGRI MACHINERY GROUP)
|
1,738
|
10.5%
|
4,542
|
11.86%
|
|
JOHN DEERE INDIA PVT LTD(TRACTOR DEVISION)
|
1,316
|
7.9%
|
3,223
|
8.42%
|
|
EICHER TRACTORS
|
870
|
5.2%
|
2,231
|
5.83%
|
|
CNH INDUSTRIAL (INDIA) PVT LTD
|
597
|
3.6%
|
1,823
|
4.76%
|
|
KUBOTA AGRICULTURAL MACHINERY INDIA PVT.LTD.
|
192
|
1.2%
|
619
|
1.62%
|
|
CAPTAIN TRACTORS PVT. LTD.
|
111
|
0.7%
|
161
|
0.42%
|
|
INDO FARM EQUIPMENT LIMITED
|
89
|
0.5%
|
186
|
0.49%
|
|
V.S.T. TILLERS TRACTORS LIMITED
|
81
|
0.5%
|
249
|
0.65%
|
|
FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE
|
45
|
0.3%
|
244
|
0.64%
|
|
Others
|
705
|
4.2%
|
1,494
|
3.90%
|
|
Total
|
16,616
|
100.0%
|
38,285
|
100.00%
|