Total vehicle retail for September’22 sees 11% growth, says FADA

The Federation of Automobile Dealers Associations (FADA) has stated that except tractors which decreased by -1.5%, all the other categories were in green. The two wheeler, three wheeler, passenger vehicle and commercial vehicle sales were up by 9%, 72%, 10% and 19% respectively.

When compared with September’19, a pre-covid month, total vehicle retail continued to be lower by -4%. PV segment sustained its healthy run by growing 44%.Similarly, growth in 3W, Tractor and CV also closed in green by increasing 6%, 37% and 17% respectively. It is only the 2W segment which continues to be a drag as the same fell by -14%.

Rural India in states like Himachal Pradesh, Haryana, Uttarakhand, Uttar Pradesh and Jharkhand showed weakness with lower contribution to Auto Retail especially in entry level 2W and PV category.

While overall retail in PV will be at a decade high during this festive season, it is the 2W category where Auto Industry continues to pin its hope for showing healthy growth.

Commenting on how September’22 performed, FADA President Manish Raj Singhania said, “Auto Retail for the month of September’22 saw an overall growth of 11%. September witnessed both,  the inauspicious period of Shradh (a.k.a Pitru Paksha) from 10-25th September and festive period which began with Navratri on 26th September. Due to this, the full potential for the month was not realised as it should have been.

The month of October will see Auto Retail on high grounds with 24 days of festive season out of the total 31 days. Dealers anticipate this to be the best festive in a decade for PV segment as we anticipate even higher sales during the month. While semi-conductor supply continues to ease, FADA requests OEMs to match supply as per the demand so that PV sales can further receive a nitro-boost.

Overall, FADA continues to remain optimistic for the month of October due to the ongoing festive season.

All India Vehicle Retail Data for September’22

Source: FADA Research

Disclaimer:

The above numbers do not have figures from MP, LD & TS. Even though MP is now on Vahan, due to unavailability ofprevious year’s figure, we have not taken them in our comparison for September’22.

Vehicle Retail Data has been collated as on 02.10.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,339 out of 1,411 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

3W is sub-divided in the following manner

E-Rickshaw – Passenger

E-Rickshaw – Goods

3-Wheeler – Goods

3-Wheeler – Passenger

3-Wheeler – Personal