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Tag: auto sales

  • Festive fervour places car retail gross sales in quick lane in October

    Aided by sturdy festive season offtake, car retail gross sales in India witnessed a 48 per cent annual soar in October, automotive sellers’ physique Federation of Automobile Dealers Associations mentioned on Monday.

    The complete retail gross sales final month stood at 20,94,378 items, up 48 per cent from 14,18,726 registrations in October 2021. The registrations final month had been even higher by 8 per cent as towards October 2019, a pre-COVID month.

    The festive season this yr turned out to be one of the best for the business within the final 4 years.

    Last month, all of the car segments like passenger and business autos, two-wheelers, tractors and three-wheelers carried out higher as in comparison with the year-ago interval.

    Passenger car retails stood at 3,28,645 items final month, up 41 per cent from 2,33,822 items in October 2021. Similarly, two-wheeler registrations witnessed a 51 per cent soar final month at 15,71,165 items in contrast with 10,39,845 items in October 2021.

    Commercial car retail gross sales had been up 25 per cent at 74,443 items final month, as towards 59,363 items within the year-ago interval. Three-wheeler and tractor retails had been up 66 and 17 per cent respectively over October 2021.

    “With most of the month under festive period, the sentiments were extremely positive across all categories of dealership. Even when compared to pre-covid month of 2019, overall retail sales for the first time closed in green,” Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania mentioned in a press release.

    The extraordinarily sturdy demand as a result of festivities final month introduced cheer to the business as clients in each section got here out in good numbers making it one of the best within the final 4 years, he added.

    “As anticipated earlier, the PV segment saw the best year in a decade by outgrowing 2020 numbers by 2 per cent. When compared to pre-COVID festive season of 2019, overall retails were up by 6 per cent,” Singhania mentioned.

    Commenting on the PV section, he famous that sports activities utility autos proceed to see extraordinarily excessive demand.

    The two-wheeler section witnessed a development of 6 per cent in retail gross sales final month, as in contrast with October 2019, a pre-COVID yr, Singhania mentioned.

    “With both Navratri and Deepawali majorly falling in a single month, the month of October saw double footfall at dealerships,” he famous.

    Sentiments have additionally began to enhance on the rural stage however the identical must maintain for a minimum of subsequent 3-4 months, he added.

    In the 42-day festive interval this yr, complete retail gross sales stood at 28,88,131 items, up 29 per cent from 22,42,139 items.

    Passenger car retails rose 34 per cent to 4,56,413 items, as towards 3,39,780 items within the festive interval final yr.

    Two-wheeler registrations rose to 21,55,311 items throughout the interval underneath overview, from 17,05,456 items final yr, a rise of 26 per cent.

    Similarly, three-wheeler, business car and tractor gross sales elevated by 68, 29 and 30 per cent respectively over the festive season final yr, FADA mentioned.

    “With festivities ending, the immediate next month generally witnesses a certain amount of softness in sales. While farmers will start receiving their crop realisations, the overall sentiment continues to show some headwinds especially in the two wheeler rural segment,” Singhania mentioned.

    The CV section is anticipated to see continued demand as a result of rising infra tasks and authorities spending, he added.

    While the PV section continues to outperform, demand within the entry stage section continues to point out some softness, Singhania famous.

    “Most of the OEMs will now start migrating towards manufacturing vehicles conforming to next emission levels. This will definitely see a steep price increase across all categories of vehicles as and when they hit the market,” he added.

    FADA therefore stays cautious because the auto business approaches the yr finish interval, he acknowledged.

  • Automobile retail gross sales in India rise 8.31% in August: FADA

    Retail gross sales of cars in India grew 8.31 per cent in August this yr on the again of enhance in registrations of automobiles throughout all main segments, vehicle sellers’ physique FADA mentioned on Thursday.

    As per knowledge launched by the Federation of Automobile Dealers Associations (FADA), complete automobile retail gross sales within the nation stood at 15,21,490 models final month as in comparison with 14,04,704 models in August 2021.

    Passenger automobiles (PV) retail gross sales stood at 2,74,448 models as in comparison with 2,57,672 models within the year-ago month, a development of 6.51 per cent.

    Two-wheeler (2W) retail gross sales additionally grew by 8.52 per cent at 10,74,266 models in August 2022 as towards 9,89,969 models in the identical month final yr, it added.

    FADA mentioned the three-wheeler (3W) section witnessed the best development charge final month posting 83.14 per cent enhance at 56,313 models, up from 30,748 models in the identical month a yr in the past.

    Commercial automobiles (CV) additionally witnessed a strong 24.12 per cent development at 67,158 models as towards 54,107 models within the year-ago month.

    FADA President Manish Raj Singhania mentioned August retail gross sales weren’t encouraging and never as per expectations of sellers, who anticipated a very good begin to the festive season with Ganesh Chaturthi.

    “When compared with August 2019, a pre-COVID month, total vehicle retails fell by 7 per cent. While PV outperformed handsomely by growing 41 per cent, CV also turned positive by growing 6 per cent and thus came out of the COVID blues. All the other segments were in the red with 2W, 3W and tractors falling by 16 per cent, 1 per cent and 7 per cent, respectively,” he added.

    Singhania mentioned though the 2W section grew 8.5 per cent final month on a year-on-year foundation, “it continues to face COVID blues due to underperformance of Bharat (rural India) and is still not above 2019 levels”.

    “This coupled with price hikes has made the 2W product out of reach for most entry-level customers. With erratic monsoon, the crop realisation has been low and flood-like situation has restricted customer movement,” he mentioned.

    On the opposite hand, the PV section continues to be on a robust run as demand for all sub classes of automobiles besides entry-level remained robust.

    “This is also aided by new feature-rich launches which OEMs have been doing since the last few months. With semiconductor shortage slowly becoming a passe, vehicle availability has definitely improved but waiting period continues to remain due to high demand in higher feature rich variants,” Singhania mentioned.

    Similarly, he mentioned the CV section additionally continues to witness an upswing in financial actions submit monsoon.

    The authorities’s infrastructure push, new launches by OEMs and higher conversion in fleet operations has saved the section within the inexperienced, he mentioned, including “the passenger carrier segment is also showing good demand due to increased buying from educational institutions”.

    The 3W house has now additionally equalled 2019 gross sales for the primary time. Electrification can also be the best on this class with e-rickshaw main the way in which.

    “There is a clear indication that customers are now preferring electric vehicles over internal combustion engine (ICE) vehicles as ICE 3W continues to see double-digit degrowth when compared to pre-COVID levels,” Singhania mentioned.

    On the outlook, FADA mentioned , with easing of provide, the PV section will certainly see the very best ever festivities (Navratri and Diwali) within the final one decade.

    “Along with this, if vehicle prices continue to remain stable and there are no more health related threats, we may see an uptick in the much awaited 2W space which has not shown the required growth since last festivals.” While Onam and Navratri fall in September, the month additionally has 15-day interval of Shraadh, typically thought-about as an inauspicious interval for getting automobiles, it added.

  • Toyota Kirloskar reviews highest month-to-month wholesales in July at 19,693 models

    Toyota Kirloskar Motor (TKM) on Monday reported its highest-ever dispatches in a month at 19,693 models in July.

    The firm’s wholesales had been 50 per cent greater than 13,105 models it offered in July 2021.

    “The month of July has been phenomenal for the company. Both in terms of sales as well as our endeavour towards ‘mass electrification’ in India, as we unveiled the first self-charging strong hybrid electric vehicle in the high volume B SUV segment- the Urban Cruiser Hyryder,” TKM Associate Vice-President (Sales, and Strategic Marketing) Atul Sood stated in a press release.

    The response to the mannequin has been distinctive, particularly the shopper’s alternative for robust hybrids, additional reiterating Toyota’s international prowess relating to the manufacturing and gross sales of electrified autos worldwide, he added.

    The firm’s highest ever wholesales in a single month in July reinforces the recognition of the fashions just like the Innova Crysta and Fortuner, Sood stated.

  • Bajaj Auto two-wheeler gross sales drop by 5% to three,15,054 items in July

    Bajaj Auto on Monday reported a 5 per cent drop in its whole two-wheeler gross sales at 3,15,054 items in July 2022.

    The Pune-based automaker had bought a complete of three,30,569 two-wheelers in July final yr.

    Domestic two-wheelers gross sales elevated by 5 per cent to 1,64,384 items in July 2022 towards 1,56,232 items within the year-ago interval whereas exports dropped 14 per cent to 1,50,670 items as in comparison with 1,74,337 items in the identical month of final yr, the corporate mentioned in a regulatory submitting.

    The business automobiles (CV) gross sales rose 3 per cent within the month at 39,616 items over 38,547 CVs bought in home and worldwide markets in July final yr, as per the submitting.

    Total gross sales (two-wheelers and business automobiles) fell 4 per cent to three,54,670 automobiles throughout the reporting month as in comparison with 3,69,116 items in July 2021, the corporate mentioned.

    Total exports (two-wheelers and CVs) declined by 15 per cent to 1,71,714 items in July in comparison with 2,01,843 automobiles bought within the abroad markets in the identical month of 2021, it mentioned.

  • Maruti Suzuki complete gross sales at 1,61,413 items in May

    The nation’s largest carmaker Maruti Suzuki India (MSI) on Wednesday mentioned its complete wholesales in May stood at 1,61,413 items.

    The firm had bought 46,555 items in May 2021, MSI mentioned in an announcement.

    Last month, the corporate’s home gross sales rose to 1,34,222 items, as in opposition to 35,293 items in May 2021, it added.

    “The sales figures of May 2022 are not comparable with that of May 2021 as the operations of the company in May 2021 were significantly affected due to COVID-19 related disruptions,” the automaker acknowledged.

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    Sales of mini vehicles, comprising Alto and S-Presso, stood at 17,408 items final month. It stood at 4,760 in the identical month final 12 months.

    The firm mentioned gross sales within the compact section, together with fashions resembling Swift, Celerio, Ignis, Baleno and Dzire, was at 67,947 items in May this 12 months. In the corresponding interval final 12 months it was at 20,343 items.

    Sales of mid-size sedan Ciaz stood at 586 items within the interval below evaluation. It stood at 349 items in May 2021.

    Utility car gross sales, together with Vitara Brezza, S-Cross and Ertiga, was at 28,051 items, whereas within the year-ago month it was 6,355 automobiles, MSI mentioned.

    Van dispatches stood at 10,482 items final month. In May final 12 months it was 1,096 items.

    Exports final month was at 27,191 items, it stood at 11,262 items in May final 12 months.

  • Tata Motors gross sales surge almost three-fold to 76,210 items in May

    Tata Motors on Wednesday mentioned its whole gross sales jumped almost three folds in May to 76,210 items in comparison with 26,661 items in COVID-hit May 2021.

    The firm’s home gross sales elevated three folds to 74,755 items from 24,552 items in May 2021, Tata Motors mentioned in a press release.

    Total passenger automobile dispatches to sellers greater than doubled to 43,341 items as towards 15,181 items within the year-ago month.

    Similarly, home industrial automobile gross sales surged to 31,414 items final month towards 9,371 items in the identical interval final 12 months.

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    This is the corporate’s highest ever month-to-month gross sales since inception – PV and EV home mixed – led by strong dispatch of Nexon, Harrier and Safari.

    The automajor additionally reported the very best ever dispatches of electrical automobiles final month at 3,454 items, up from 476 items in the identical interval final 12 months.

  • ‘PV sales dip 19% in November as chip shortage hits festive demand’

    Auto gross sales continued to face headwinds attributable to world semiconductor scarcity with the wholesale despatches throughout November, a festive month, being one of many worst.
    As per information launched by Society of Indian Automobile Manufacturers (SIAM), gross sales in November had been lowest in seven years for passenger autos (PVs), lowest in eleven years for two-wheelers (2Ws) and lowest in 19 years for three-wheelers (3Ws). The trade’s hope of constructing up for the misplaced floor throughout the festive season was dashed, SIAM stated.
    Wholesale despatches throughout classes final month declined 32 per cent year-on-year (y-o-y) to 12,88,759 models. PV wholesales declined 19 per cent at 2,15,626 models. Similarly, whole 2W gross sales declined sharply by 34 per cent to 10,50,616 models and whole 3W despatches stood at 22,471 models, down 7 per cent y-o-y.

    Shortage of semiconductor has led to chop in manufacturing by all the key PV producers, which has led to provide aspect constraints resulting in lengthy ready checklist for well-liked promoting fashions.
    Though the 2W trade doesn’t get that closely impacted by the semiconductor scarcity as digital gadgets are principally used of their high-end fashions, their home demand continues to be subdued as rural demand has been hit attributable to lack of revenue publish the second wave of Covid-19.

    “The fall in two-wheeler volumes is worrying as this shows the continuing economic stress due to job losses and pay cuts. The reasons for these are the pandemic and the increase in the operating expenses, owing to the rise of petrol prices. Additionally, the rural economy has been unable to fire up sales,” Ashim Sharma, accomplice and group head, NRI Consulting and Solutions, stated.   FE

  • Chip scarcity offsets robust demand: Car gross sales in sluggish lane

    Despite robust demand, scarcity of digital parts continued to harm automobile gross sales in September as main vehicle producers witnessed a decline in gross sales in September. Industry insiders mentioned if the chip scarcity concern continues, it should damage their gross sales prospect within the forthcoming festive season.
    While Maruti Suzuki India posted a 57 per cent year-on-year decline in home wholesale dispatches at 63,111 items in September, Hyundai Motor India Limited, too, noticed a 34 per cent dip in gross sales in September at 33,087 items. Even Mahindra & Mahindra and Honda Cars India posted a fall in year-on-year gross sales of 11.6 per cent and 33.7 per cent respectively.
    Among the main gamers, Tata Motors bucked the pattern because it introduced progress of 21.4 per cent with gross sales of 25,730 items in September, which included 1,078 items of electrical autos.

    While Maruti had witnessed gross sales of 1,47,912 items in September 2020, the quantity dipped sharply final month as manufacturing was hit by chip scarcity. “Sales volume of the company in September 2021 was adversely impacted due to shortage of electronic components,” the corporate mentioned in its assertion.
    Even Hyundai Motor mentioned that the “global semi-conductor supply constraint has adversely affected the vehicle production resulting in low dispatches in the month of September.”
    Industry gamers say that demand has not been a difficulty and they’re constrained on the availability aspect. Rajesh Goel, director, advertising and gross sales at Honda Cars mentioned, “On demand side, there is good momentum in the market with improved buying sentiment. However, the supply chain hurdles including the widespread chip shortage has been a big challenge right now for the industry.”
    As tempo of vaccinations improved and economic system has been reviving and witnessing progress in demand throughout sectors, trade sources say that the forthcoming festive season may have been led to progress for the sector however for the constraints on the availability of digital parts.

    “Looking ahead, the demand for cars and SUVs is expected to remain strong in the forthcoming festive season; however, the supply situation for electronic components may continue to witness challenging times,” mentioned Shailesh Chandra, president, passenger autos enterprise unit, Tata Motors.

  • Passenger car gross sales in India decline by over 2% in 2020-21: Industry physique SIAM

    Passenger car gross sales in India declined by over two per cent within the 2020-21 fiscal because the COVID-19 pandemic has put brakes on the sector which has already been witnessing a structural slowdown over the previous couple of years, trade physique SIAM mentioned on Monday.
    As per the most recent knowledge by the Society of Indian Automobile Manufacturers (SIAM), within the 2020-21 fiscal, passenger car wholesales declined by 2.24 per cent to 27,11,457 models as in opposition to 27,73,519 models in 2019-20.
    Similarly, complete two-wheeler dispatches over the past fiscal by firms to their respective supplier companions declined by 13.19 per cent to 1,51,19,387 models, as in comparison with 1,74,16,432 models in 2019-20.

    Total business autos gross sales declined by 20.77 per cent to five,68,559 models final monetary 12 months, as in opposition to 7,17,593 models in 2019-20.
    Dispatches of three-wheelers noticed a drop of 66.06 per cent within the 2020-21 fiscal at 2,16,197 models, as in opposition to 6,37,065 models in 2019-20.
    Vehicle gross sales throughout classes declined by 13.6 per cent to 1,86,15,588 models, as in opposition to 2,15,45,551 models within the year-ago interval.
    “On the sales front, a deep structural slowdown in the industry even before the pandemic, combined with the impact of COVID-19 in 2020-21, has pushed all vehicle segments back by many years. Recovery from here will require time and efforts, by all stakeholders,” SIAM President Kenichi Ayukawa mentioned.
    There is uncertainty within the worth chain owing to semiconductors, lockdowns and uncooked supplies, he added.
    “In an environment of uncertainty, instead of trying to predict the future, we will all work hard to create it,” Ayukawa famous.
    SIAM has cited knowledge up to now to indicate that the pandemic is just not the one purpose for the auto sector slowdown, which is going through deeper structural points that want consideration.
    According to the findings of a analysis performed by the trade physique, compounded annual progress charges of all segments, together with passenger autos, business autos, three-wheelers and two-wheelers have witnessed a steady drop over the past three a long time.
    Elaborating additional SIAM Director General, Rajesh Menon mentioned within the final fiscal there was a de-growth in gross sales of all segments in comparison with the earlier years.
    “If we look at the fourth quarter January-March 2021 sales which might include some deferred sales from previous quarters, only passenger vehicle segment at 9.34 lakh sales was marginally above the previous high of January-March 2018 period at 8.62 lakh units,” Menon added.
    Commercial autos gross sales at 2.1 lakh in January-March interval of 2021 had been beneath 2.82 lakh in January-March interval of 2018, Menon famous.
    “Similarly, two-wheeler sales in January-March 2021 stood at 43.54 lakh against January-March 2018 figures of 51.13 lakh units. Three-wheeler segment was the worst-hit with sales of 86,000 units in the period under review as compared to 1.97 lakh in January-March 2018,” Menon mentioned.
    In March, home passenger car wholesales in India elevated to 2,90,939 models in March as in comparison with the identical month final 12 months which noticed disruptions as a result of COVID-19-led lockdown.
    Passenger car gross sales in March 2020 stood at 1,35,196 models. Similarly, two-wheeler dispatches to sellers rose to 14,96,806 models, in comparison with 8,66,845 models in March 2020, SIAM mentioned.
    Motorcycle gross sales elevated to 9,93,996 models as in opposition to 5,70,858 in March 2020.
    Similarly, scooter gross sales had been additionally as much as 4,57,677 models, from 2,63,070 models a 12 months in the past.

    Three-wheeler gross sales elevated to 31,930 models, as in comparison with 27,608 models in March final 12 months.
    Vehicle gross sales throughout classes rose to 18,19,682 models final month, as in opposition to 10,29,518 models within the year-ago interval.

  • Passenger automobile retail gross sales rise 28%, two-wheeler registrations dip 35% in March: FADA

    Automobile sellers’ physique FADA on Thursday stated passenger automobile (PV) retail gross sales in March witnessed a year-on-year development of 28.39 per cent to 2,79,745 models, as in comparison with year-ago interval which noticed disruptions out there because of COVID-19 led lockdown.
    According to the Federation of Automobile Dealers Associations (FADA), which collected automobile registration information from 1,277 out of the 1,482 regional transport workplaces (RTOs), PV gross sales stood at 2,17,879 models in March 2020.
    Two-wheeler gross sales, nevertheless, declined 35.26 per cent to 11,95,445 models final month, as in comparison with 18,46,613 models in March 2020.

    Commercial automobile gross sales additionally fell 42.2 per cent to 67,372 models towards 1,16,559 models a 12 months in the past.
    Similarly, three-wheeler gross sales dropped 50.72 per cent to 38,034 models final month from 77,173 models within the year-ago interval.

    Tractor gross sales, nevertheless, grew by 29.21 per cent to 69,082 models final month, towards 53,463 models in the identical month final 12 months.
    Total registrations throughout classes declined by 28.64 per cent to 16,49,678 models final month in comparison with 23,11,687 models within the year-ago interval.