The Federation of Automobile Dealers Associations (FADA) has revealed the Vehicle Registration Data for FY 20-21. FADA has also released the Monthly Vehicle Registration Data for FY 2020-21 and April 2021. The national body of the Automobile Retail Industry in India also reports that the total vehicle registrations were down by -30% in FY2020-21.
Sales pushed back to FY 2012 levels
This brings the industry below FY 2012-13 levels. Every segment, including two-wheelers, three-wheelers, commercial vehicles, and passenger vehicles, is experiencing the lowest levels in the past 8 years, except for the Tractor segment, which grew by 16%. Naturally, due to the second wave of the COVID-19 pandemic, total vehicle registrations have plummeted for April 2021. The apex body also reports that this time its not only capital cities but rural areas have also been affected.
All India Vehicle Registration Data for FY 2020-21
In the two-wheeler category, the segment sold 1,15,33,336 units in FY 2021, compared to 1,68,38,965 units in FY 2020. This shows a decline of -31.51% in the Y-o-Y growth. The three-wheeler segment sold 2,58,174 units in FY 2021 compared to 7,19,594 units in FY 2020, showing -64.12% decline. The commercial vehicle segment shows 4,48,914 units sales in FY 2021 compared to 8,81,114 CVs sold in FY 2020, showing a -49.05% decline. The passenger vehicle segment reports 23,86,316 units sold in FY 2021 compared to 27,73,514 units sold in FY 2020, showing a -13.96% decline. Only the Tractor segment shows a positive rate of 16.11%, with 6,44,779 units sold in FY 2021 compared to 5,55,315 units sold in FY 2020.
COVID-19 and Plumetting Demand
Due to the COVID-19 pandemic, 95% of the country is under either full or partial lockdown, except Telangana. This has unsettled the buying sentiment in both urban and rural India. The first nine days of May 2021 show a decline in the demand trend as the second wave of the COVID-19 disease creates havoc.
Appeal to OEMs and Government
FADA represents over 15,000 automobile dealers having 26,500 dealerships, including multiple Associations of Automobile Dealers. The association also appeals to all Auto OEMs to handhold their Dealers and not burden them with high inventory. FADA is also requesting the central government to announce financial relief package in the form of moratoriums. The association is also requesting the RBI to release guidelines for relaxation of loan re-payment.
All India Vehicle Registration Data for April 2021
|CATEGORY||April 2021||April 2019||% Change w.r.t. April 2019||March 2021||MoM %|
Source: FADA Research
- Harley-Davidson Pan America 1250 Vs. Honda CRF1100L Africa Twin – Specification Comparison
- Royal Enfield Motorcycles to Watch Out & Wait for in 2021-22
- Yamaha RX100 Restoration and Re-registration