The
rich and the well off in India want their tech-savvy cars, but there’s a huge slump
in supply because of the paucity of semi conductors. Those at the lower income bracket,
who are keen to buy cars, feel they rather hold on to their limited funds and
use it for healthcare. All this has led to a fall in vehicle sales in the
country in October 2021. The 42 days of the festive season has been the worst
in a decade, says Vinkesh Gulati, President, Federation of Automobile Dealers
Associations (FADA).
All India Vehicle Retail Data for October’21
|
CATEGORY
|
OCT'21
|
OCT'20
|
YoY %
|
OCT'19
|
% Chg,OCT'19
|
|
2W
|
9,96,024
|
10,60,337
|
-6.07%
|
14,23,668
|
-30.04%
|
|
3W
|
39,077
|
22,467
|
73.93%
|
63,040
|
-38.01%
|
|
PV
|
2,28,431
|
2,57,756
|
-11.38%
|
2,74,033
|
-16.64%
|
|
TRAC
|
44,262
|
55,874
|
-20.78%
|
35,469
|
24.79%
|
|
CV
|
56,732
|
44,865
|
26.45%
|
63,888
|
-11.20%
|
|
LCV
|
34,162
|
32,835
|
4.04%
|
40,547
|
-15.75%
|
|
MCV
|
3,694
|
2,051
|
80.11%
|
3,246
|
13.80%
|
|
HCV
|
15,874
|
7,163
|
121.61%
|
17,735
|
-10.49%
|
|
Others
|
3,002
|
2,816
|
6.61%
|
2,360
|
27.20%
|
|
Total
|
13,64,526
|
14,41,299
|
-5.33%
|
18,60,098
|
-26.64%
|
Source: FADA Research
42 Days Festival Period
|
CATEGORY
|
Festival 2021
|
Festival 2020
|
Festival 2019
|
YoY % (2020)
|
YoY % (2019)
|
|
2W
|
15,79,642
|
19,38,066
|
20,35,341
|
-18.49%
|
-22.39%
|
|
3W
|
52,802
|
34,419
|
86,390
|
53.41%
|
-38.88%
|
|
CV
|
77,066
|
70,361
|
89,922
|
9.53%
|
-14.30%
|
|
PV
|
3,24,542
|
4,39,564
|
3,79,988
|
-26.17%
|
-14.59%
|
|
TRAC
|
56,841
|
73,925
|
49,107
|
-23.11%
|
15.75%
|
|
Total
|
20,90,893
|
25,56,335
|
26,40,748
|
-18.21%
|
-20.82%
|
Source: FADA Research
Disclaimer:
The above numbers do not have figures from AP, MP, LD
&TSas they are not yet on Vahan 4.
Vehicle Retail Data has been collated as on
08.11.21& 18.11.21 in collaboration with Ministry of Road Transport &
Highways, Government of Indiaand has been gathered from 1,357 out of 1,570
RTOs.
“We
have witnessed the worst festive season in last decade. Semi-conductor shortage
which was already a full blown crises showed its true colours when in spite of
an above healthy demand, we could not cater to customer’s need as SUV,
Compact-SUV and luxury categories witnessed huge shortage of vehicles. On the other
hand, entry level cars saw subdued demand as customers in this category
continued to conserve money due to their families healthcare needs,” states
Gulati in a press statement.
He further adds that the two wheeler category
continues to face the brunt of low sales with entry level category being the
biggest spoilsport. The rural distress in retails coupled with frequent price
hikes, triple digit fuel prices and customers conserving funds for healthcare
emergencies kept the demand low. In fact, walk-in’s and customer inquiries were
also ultra-lean during the said period.
In
Commercial Vehicle segment, while entry level and small commercial vehicles have
already grown post unlocking and due to intra city goods movement, medium and
heavy commercial vehicles are now showing strength due to low base and
infrastructure projects coming up in different states. Buses as a category are yet
to see any revival in demand.
“With
normalcy returning in business, the 3W category has started to witness usual
demand. This aided with extreme low base of last year, is also helping 3W post
a healthy growth. It is noteworthy to mention that we are witnessing a tactical
shift from ICE to EV’s as EV share in 3W has now crossed the 45% mark,” he
adds.
Near Term Outlook
Even
though the festive period is now over, there is still a huge backlog of order
in the PV segment. If PV OEMs are able to realign supply with demand, we can still
see a good year-end retail, says FADA.
FADA
requests 2W OEMs to rationalise inventory. It also urges to roll out attractive
schemes for customers so that demand especially in the entry level category can
be revived.
Inventory
at the end of October’21
O
Average inventory for Passenger Vehicles ranges from 10-15days
O
Average inventory for Two – Wheelers ranges from 40-45 days
OEM wise Market Share Data for the
Month of October’21 with YoY comparison
|
Two-Wheeler (2W)
|
|
Two-Wheeler
OEM
|
OCT'21
|
Market Share (%), OCT'21
|
OCT'20
|
Market Share (%), OCT'20
|
|
HERO MOTOCORP LTD
|
3,08,287
|
30.95%
|
3,38,665
|
31.94%
|
|
HONDA MOTORCYCLE AND SCOOTER INDIA
(P) LTD
|
2,74,951
|
27.60%
|
2,99,555
|
28.25%
|
|
TVS MOTOR COMPANY LTD
|
1,55,295
|
15.59%
|
1,57,680
|
14.87%
|
|
BAJAJ AUTO LTD
|
1,15,339
|
11.58%
|
1,19,936
|
11.31%
|
|
SUZUKI MOTORCYCLE INDIA PVT LTD
|
47,826
|
4.80%
|
44,952
|
4.24%
|
|
INDIA YAMAHA MOTOR PVT LTD
|
39,049
|
3.92%
|
42,454
|
4.00%
|
|
ROYAL-ENFIELD (UNIT OF EICHER LTD)
|
29,625
|
2.97%
|
47,461
|
4.48%
|
|
HERO ELECTRIC VEHICLES PVT. LTD
|
6,366
|
0.64%
|
314
|
0.03%
|
|
OKINAWA AUTOTECH PVT LTD
|
4,082
|
0.41%
|
548
|
0.05%
|
|
PIAGGIO VEHICLES PVT LTD
|
3,849
|
0.39%
|
3,731
|
0.35%
|
|
ATHER ENERGY PVT LTD
|
2,648
|
0.27%
|
258
|
0.02%
|
|
CLASSIC LEGENDS PVT LTD
|
2,610
|
0.26%
|
2,594
|
0.24%
|
|
PUR ENERGY PVT LTD
|
1,399
|
0.14%
|
163
|
0.02%
|
|
AMPERE VEHICLES PRIVATE LIMITED
|
1,050
|
0.11%
|
776
|
0.07%
|
|
Others including EV
|
3,648
|
0.37%
|
1,250
|
0.12%
|
|
Total
|
9,96,024
|
100.00%
|
10,60,337
|
100.00%
|
|
Three-Wheeler (3W)
|
|
Three-Wheeler
OEM
|
OCT'21
|
Market Share (%), OCT'21
|
OCT'20
|
Market Share (%), OCT'20
|
|
BAJAJ AUTO LTD
|
14,018
|
35.87%
|
8,396
|
37.37%
|
|
PIAGGIO VEHICLES PVT LTD
|
4,192
|
10.73%
|
4,407
|
19.62%
|
|
YC ELECTRIC VEHICLE
|
1,746
|
4.47%
|
817
|
3.64%
|
|
ATUL AUTO LTD
|
1,401
|
3.59%
|
883
|
3.93%
|
|
MAHINDRA & MAHINDRA LIMITED
|
1,282
|
3.28%
|
526
|
2.34%
|
|
SAERA ELECTRIC AUTO PVT LTD
|
877
|
2.24%
|
342
|
1.52%
|
|
CHAMPION POLY PLAST
|
805
|
2.06%
|
259
|
1.15%
|
|
MAHINDRA REVA ELECTRIC VEHICLES PVT
LTD
|
757
|
1.94%
|
274
|
1.22%
|
|
DILLI ELECTRIC AUTO PVT LTD
|
738
|
1.89%
|
179
|
0.80%
|
|
TVS MOTOR COMPANY LTD
|
696
|
1.78%
|
729
|
3.24%
|
|
BEST WAY AGENCIES PVT LTD
|
636
|
1.63%
|
204
|
0.91%
|
|
J. S. AUTO (P) LTD
|
552
|
1.41%
|
193
|
0.86%
|
|
VANI ELECTRIC VEHICLES PVT LTD
|
480
|
1.23%
|
307
|
1.37%
|
|
THUKRAL ELECTRIC BIKES PVT LTD
|
471
|
1.21%
|
177
|
0.79%
|
|
UNIQUE INTERNATIONAL
|
452
|
1.16%
|
108
|
0.48%
|
|
MINI METRO EV L.L.P
|
422
|
1.08%
|
119
|
0.53%
|
|
ENERGY ELECTRIC VEHICLES
|
400
|
1.02%
|
86
|
0.38%
|
|
Others including EV
|
9,152
|
23.42%
|
4,461
|
19.86%
|
|
Total
|
39,077
|
100.00%
|
22,467
|
100.00%
|
|
|
|
|
|
|
|
|
Source: FADA Research
|
Commercial Vehicle (CV)
|
|
Commercial
Vehicle OEM
|
OCT'21
|
Market Share (%), OCT'21
|
OCT'20
|
Market Share (%), OCT'20
|
|
TATA MOTORS LTD
|
24,870
|
43.84%
|
15,380
|
34.28%
|
|
MAHINDRA & MAHINDRA LIMITED
|
10,302
|
18.16%
|
15,108
|
33.67%
|
|
ASHOK LEYLAND LTD
|
7,822
|
13.79%
|
5,294
|
11.80%
|
|
VE COMMERCIAL VEHICLES LTD
|
4,045
|
7.13%
|
2,192
|
4.89%
|
|
MARUTI SUZUKI INDIA LTD
|
3,778
|
6.66%
|
2,338
|
5.21%
|
|
DAIMLER INDIA COMMERCIAL VEHICLES
PVT. LTD
|
1,166
|
2.06%
|
851
|
1.90%
|
|
FORCE MOTORS LIMITED, A FIRODIA
ENTERPRISE
|
998
|
1.76%
|
439
|
0.98%
|
|
SML ISUZU LTD
|
623
|
1.10%
|
352
|
0.78%
|
|
Others
|
3,128
|
5.51%
|
2,911
|
6.49%
|
|
Total
|
56,732
|
100.00%
|
44,865
|
100.00%
|
Source: FADA Research
|
Passenger Vehicle (PV)
|
|
Passenger
Vehicle OEM
|
OCT'21
|
Market Share (%), OCT'21
|
OCT'20
|
Market Share (%), OCT'20
|
|
MARUTI SUZUKI INDIA LTD
|
91,651
|
40.12%
|
1,28,027
|
49.67%
|
|
HYUNDAI MOTOR INDIA LTD
|
38,789
|
16.98%
|
44,084
|
17.10%
|
|
TATA MOTORS LTD
|
25,748
|
11.27%
|
18,822
|
7.30%
|
|
KIA MOTORS INDIA PVT LTD
|
14,231
|
6.23%
|
16,795
|
6.52%
|
|
MAHINDRA & MAHINDRA LIMITED
|
13,924
|
6.10%
|
12,702
|
4.93%
|
|
TOYOTA KIRLOSKAR MOTOR PVT LTD
|
10,605
|
4.64%
|
7,223
|
2.80%
|
|
RENAULT INDIA PVT LTD
|
8,647
|
3.79%
|
7,446
|
2.89%
|
|
HONDA CARS INDIA LTD
|
8,339
|
3.65%
|
8,222
|
3.19%
|
|
SKODA AUTO VOLKSWAGEN GROUP
|
4,940
|
2.16%
|
3,104
|
1.20%
|
|
SKODA AUTO VOLKSWAGEN INDIA
PVT LTD
|
4,686
|
2.05%
|
2,568
|
1.00%
|
|
VOLKSWAGEN AG/INDIA PVT. LTD.
|
146
|
0.06%
|
263
|
0.10%
|
|
AUDI AG
|
105
|
0.05%
|
7
|
0.00%
|
|
SKODA AUTO INDIA/AS PVT LTD
|
3
|
0.00%
|
266
|
0.10%
|
|
NISSAN MOTOR INDIA PVT LTD
|
2,768
|
1.21%
|
662
|
0.26%
|
|
MG MOTOR INDIA PVT LTD
|
2,764
|
1.21%
|
2,477
|
0.96%
|
|
FIAT INDIA AUTOMOBILES PVT LTD
|
1,163
|
0.51%
|
593
|
0.23%
|
|
FORD INDIA PVT LTD
|
1,133
|
0.50%
|
4,829
|
1.87%
|
|
MERCEDES -BENZ GROUP
|
1,001
|
0.44%
|
916
|
0.36%
|
|
MERCEDES-BENZ INDIA PVT LTD
|
955
|
0.42%
|
882
|
0.34%
|
|
MERCEDES -BENZ AG
|
38
|
0.02%
|
21
|
0.01%
|
|
DAIMLER AG
|
8
|
0.00%
|
13
|
0.01%
|
|
BMW INDIA PVT LTD
|
765
|
0.33%
|
631
|
0.24%
|
|
JAGUAR LAND ROVER INDIA LIMITED
|
174
|
0.08%
|
163
|
0.06%
|
|
VOLVO AUTO INDIA PVT LTD
|
120
|
0.05%
|
153
|
0.06%
|
|
FORCE MOTORS LIMITED, A FIRODIA
ENTERPRISE
|
118
|
0.05%
|
119
|
0.05%
|
|
PCA AUTOMOBILES INDIA PVT LTD
|
56
|
0.02%
|
0
|
0.00%
|
|
PORSCHE AG GERMANY
|
25
|
0.01%
|
23
|
0.01%
|
|
AUTOMOBILI LAMBORGHINI S.P.A
|
4
|
0.00%
|
1
|
0.00%
|
|
BENTLEY MOTORS LTD
|
2
|
0.00%
|
2
|
0.00%
|
|
ROLLS ROYCE
|
0
|
0.00%
|
1
|
0.00%
|
|
Others
|
1,464
|
0.64%
|
761
|
0.30%
|
|
Total
|
2,28,431
|
100.00%
|
2,57,756
|
100.00%
|
Source: FADA Research
|
Tractor (TRAC)
|
|
Tractor
OEM
|
OCT'21
|
Market Share (%), OCT'21
|
OCT'20
|
Market Share (%), OCT'20
|
|
MAHINDRA & MAHINDRA LIMITED
(TRACTOR)
|
10,379
|
23.45%
|
12,654
|
22.65%
|
|
MAHINDRA & MAHINDRA LIMITED
(SWARAJ DIVISION)
|
6,981
|
15.77%
|
9,565
|
17.12%
|
|
TAFE LIMITED
|
5,094
|
11.51%
|
7,142
|
12.78%
|
|
INTERNATIONAL TRACTORS LIMITED
|
5,090
|
11.50%
|
6,512
|
11.65%
|
|
JOHN DEERE INDIA PVT LTD(TRACTOR DEVISION)
|
4,312
|
9.74%
|
4,689
|
8.39%
|
|
ESCORTS LIMITED (AGRI MACHINERY
GROUP)
|
4,182
|
9.45%
|
5,528
|
9.89%
|
|
EICHER TRACTORS
|
2,551
|
5.76%
|
3,609
|
6.46%
|
|
CNH INDUSTRIAL (INDIA) PVT LTD
|
1,772
|
4.00%
|
2,283
|
4.09%
|
|
KUBOTA AGRICULTURAL MACHINERY INDIA
PVT.LTD.
|
1,099
|
2.48%
|
1,036
|
1.85%
|
|
V.S.T. TILLERS TRACTORS LIMITED
|
410
|
0.93%
|
447
|
0.80%
|
|
FORCE MOTORS LIMITED, A FIRODIA
ENTERPRISE
|
366
|
0.83%
|
343
|
0.61%
|
|
INDO FARM EQUIPMENT LIMITED
|
242
|
0.55%
|
132
|
0.24%
|
|
CAPTAIN TRACTORS PVT. LTD.
|
215
|
0.49%
|
169
|
0.30%
|
|
Others
|
1,569
|
3.54%
|
1,765
|
3.16%
|
|
Total
|
44,262
|
100.00%
|
55,874
|
100.00%
|
Source: FADA Research