- December registrations for the first time in FY20-21 witnesses’ positive growth of 11% (YoY) largely due to festival spill over demand and pre-buying due to announcement of price hike in January’21.
- 2W, PV and Tractor categories grow by 11.8%, 24% and 35.5% (YoY) while CV and 3W continues to degrow by -13.5% and -52.7% (YoY).
- To bring further clarity in CV registrations, FADA for the first time is releasing a split in CV category by introducing LCV, MCV and HCV wise registrations.
- Dealer Inventory continues to fall with PV inventory ranging from 15-20 days and 2W inventory at 30-35 days.
- PV dealers continue to face supply side issues for the 2nd straight month leading to higher waiting period as high as 8 months.
- FADA looks forward to demand spurring initiatives in the upcoming Union Budget and specific initiatives for Auto Industry to continue Auto Sales in higher gear.
11th January’21, New Delhi: The Federation of Automobile Dealers Associations (FADA) today released the Monthly Vehicle Registration Data for the month of December’20.
December’20 Registration
Commenting on how December’20 performed, FADA President, Mr. Vinkesh Gulati said, “Automobile registrations for the first time witnessed YoY growth in this Financial Year by growing 11% in the month of December. A good crop season, better offers in 2W segment, new launches both in PV as well as 2W and a fear of price increase in the month of January kept the demand going. Supply side issues in passenger vehicles continued for the 2nd straight month thus making waiting period as high as 8 months in select OEM vehicles.
The CV segment continues to see demand pressure even though on YoY basis the segment fell by 13.5% due to lower base. Increased intra-city goods movement continued to help SCV’s outperform M&HCV segment as Axle load norms, increased fuel & vehicle cost and higher freight rates continued to play spoilsport.
Tractor continues to outshine supply for 6 straight months further confirming the fact that Bharat carries on to lead India’s economic recovery.”
The Commercial Vehicle Segment
With an aim to continuously bring transparency in Auto Retails, FADA for the first time is releasing a further split in vehicle registration data by introducing Small, Medium and Heavy Commercial Vehicle registration details under the Commercial Vehicle category.
This will not only help in understanding Commercial Vehicle data better but will also help all the stakeholders viz., Suppliers, OEMs, Banks/NBFC and Dealers get real time demand status thus helping them in better planning.
Near Term Outlook
While December saw good spill over demand continuing from festive season and pre-buying due to price hike announcement, demand for vehicles in January looks to be bleak. PV may witness growth if demand supply mismatch is resolved. With recent hikes announced by all OEMs, FADA expects a temporary blip in demand as customers will take time to absorb the same.
India’s new vaccination program is now in place. This will help Indians in increasing their mobility, restoring life back to normalcy and business as usual. With gradual opening up of educational institutes/colleges, organic demand for 2-wheelers should slowly start coming back.
The government’s approval for Rs. 12,000 crore infrastructure projects will see its positive effects in the CV space, though full recovery is only expected in all the segments of the industry from April’21 onwards.
With no further price hike shocks, demand spurring budget by the Central Government, Covid vaccine’s effectiveness to fight the current and the new strain of virus with no/minimal side effects, FADA remains guarded in its optimism for Auto Sales during last quarter of this fiscal year.
Key Findings from our Online Members Survey
- Sentiments
- 44% dealers rated it as Good
- 3% dealers rated it as Neutral
- 16% dealers rated it as Bad
- Liquidity
- 9% dealers rated it as Good
- 1% dealers rated it as Neutral
- 16% dealers rated it as Bad
- Expectation in January
- 5% dealers rated it as Growth
- 4% dealers rated it as Flat
- 1% dealers rated it as De-growth
- Inventory
- Average inventory for Passenger Vehicles ranges from 15 – 20 days
- Average inventory for Two-Wheeler ranges from 30 – 35 days
Chart showing Vehicle Registration Data for December’20 with YoY comparison can be found below:
All India Vehicle Registration Data for December’20
| CATEGORY | DEC’20 | DEC’19 | YoY % |
| 2W | 14,24,620 | 12,73,318 | 11.88% |
| 3W | 27,715 | 58,651 | -52.75% |
| PV | 2,71,249 | 2,18,775 | 23.99% |
| TRACTOR | 69,105 | 51,004 | 35.49% |
| CV | 51,454 | 59,497 | -13.52% |
| LCV | 33,986 | 38,280 | -11.22% |
| MCV | 2,528 | 3,018 | -16.24% |
| HCV | 11,212 | 15,361 | -27.01% |
| Others | 3,728 | 2,838 | 31.36% |
| Total | 18,44,143 | 16,61,245 | 11.01% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
- Vehicle Registration Data has been collated as on 09.01.21 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,270 out of 1,477 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
OEM wise Market Share Data for the Month of December’20 with YoY comparison
| Two-Wheeler (2W) | ||||
| Two-Wheeler OEM | DEC’20 | Market Share (%), DEC’20 | DEC’19 | Market Share (%), DEC’19 |
| HERO MOTOCORP LTD | 5,59,118 | 39.25% | 4,93,266 | 38.74% |
| HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD | 3,49,686 | 24.55% | 3,11,529 | 24.47% |
| TVS MOTOR COMPANY LTD | 2,04,482 | 14.35% | 1,79,176 | 14.07% |
| BAJAJ AUTO LTD | 1,60,912 | 11.30% | 1,52,374 | 11.97% |
| ROYAL-ENFIELD (UNIT OF EICHER LTD) | 51,003 | 3.58% | 48,057 | 3.77% |
| SUZUKI MOTORCYCLE INDIA PVT LTD | 44,758 | 3.14% | 43,201 | 3.39% |
| INDIA YAMAHA MOTOR PVT LTD | 42,881 | 3.01% | 34,797 | 2.73% |
| PIAGGIO VEHICLES PVT LTD | 3,782 | 0.27% | 4,588 | 0.36% |
| CLASSIC LEGENDS PVT LTD | 2,764 | 0.19% | 3,061 | 0.24% |
| BMW INDIA PVT LTD | 396 | 0.03% | 226 | 0.02% |
| ADISHWAR AUTO RIDE INDIA PVT LTD | 148 | 0.01% | 142 | 0.01% |
| INDIA KAWASAKI MOTORS PVT LTD | 110 | 0.01% | 192 | 0.02% |
| TRIUMPH MOTORCYCLES (INDIA) PVT LTD | 74 | 0.01% | 61 | 0.00% |
| H-D MOTOR COMPANY INDIA PVT LTD | 45 | 0.00% | 201 | 0.02% |
| DUCATI INDIA PVT LTD | 2 | 0.00% | 25 | 0.00% |
| DUCATI MOTOR HOLDING S.P.A | – | 0.00% | 4 | 0.00% |
| Others including EV | 4,459 | 0.31% | 2,418 | 0.19% |
| Total | 14,24,620 | 100.00% | 12,73,318 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
- Vehicle Registration Data has been collated as on 09.01.21 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,270 out of 1,477 RTOs.
| Three-Wheeler (3W) | ||||
| Three-Wheeler OEM | DEC’20 | Market Share (%), DEC’20 | DEC’19 | Market Share (%), DEC’19 |
| BAJAJ AUTO LTD | 9,570 | 34.53% | 24,347 | 41.51% |
| PIAGGIO VEHICLES PVT LTD | 5,037 | 18.17% | 10,260 | 17.49% |
| MAHINDRA & MAHINDRA LIMITED | 1,212 | 4.37% | 3,893 | 6.64% |
| ATUL AUTO LTD | 1,187 | 4.28% | 3,955 | 6.74% |
| TVS MOTOR COMPANY LTD | 790 | 2.85% | 1,042 | 1.78% |
| Others including EV | 9,919 | 35.79% | 15,154 | 25.84% |
| Total | 27,715 | 100.00% | 58,651 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
- Vehicle Registration Data has been collated as on 09.01.21 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,270 out of 1,477 RTOs.
| Commercial Vehicle (CV) | ||||
| Commercial Vehicle OEM | DEC’20 | Market Share (%), DEC’20 | DEC’19 | Market Share (%), DEC’19 |
| TATA MOTORS LTD | 19,172 | 37.26% | 25,212 | 42.38% |
| MAHINDRA & MAHINDRA LIMITED | 15,128 | 29.40% | 15,480 | 26.02% |
| ASHOK LEYLAND LTD | 6,583 | 12.79% | 8,070 | 13.56% |
| VE COMMERCIAL VEHICLES LTD | 2,637 | 5.12% | 2,698 | 4.53% |
| MARUTI SUZUKI INDIA LTD | 2,430 | 4.72% | 2,234 | 3.75% |
| DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD | 922 | 1.79% | 987 | 1.66% |
| FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE | 349 | 0.68% | 986 | 1.66% |
| SML ISUZU LTD | 344 | 0.67% | 487 | 0.82% |
| Others | 3,889 | 7.56% | 3,343 | 5.62% |
| Total | 51,454 | 100.00% | 59,497 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
- Vehicle Registration Data has been collated as on 09.01.21 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,270 out of 1,477 RTOs.
| Passenger Vehicle (PV) | ||||
| Passenger Vehicle OEM | DEC’20 | Market Share (%), DEC’20 | DEC’19 | Market Share (%), DEC’19 |
| MARUTI SUZUKI INDIA LTD | 1,30,772 | 48.21% | 1,00,893 | 46.12% |
| HYUNDAI MOTOR INDIA LTD | 46,382 | 17.10% | 39,306 | 17.97% |
| TATA MOTORS LTD | 19,669 | 7.25% | 11,032 | 5.04% |
| KIA MOTORS INDIA PVT LTD | 17,913 | 6.60% | 10,339 | 4.73% |
| MAHINDRA & MAHINDRA LIMITED | 15,773 | 5.81% | 14,291 | 6.53% |
| HONDA CARS INDIA LTD | 9,411 | 3.47% | 8,214 | 3.75% |
| RENAULT INDIA PVT LTD | 9,002 | 3.32% | 8,343 | 3.81% |
| TOYOTA KIRLOSKAR MOTOR PVT LTD | 7,572 | 2.79% | 8,200 | 3.75% |
| FORD INDIA PVT LTD | 4,821 | 1.78% | 5,307 | 2.43% |
| MG MOTOR INDIA PVT LTD | 3,057 | 1.13% | 2,419 | 1.11% |
| SKODA AUTO VOLKSWAGEN INDIA PVT LTD* | 2,140 | 0.79% | 9 | 0.00% |
| MERCEDES-BENZ INDIA PVT LTD | 767 | 0.28% | 1,058 | 0.48% |
| NISSAN MOTOR INDIA PVT LTD | 722 | 0.27% | 1,492 | 0.68% |
| BMW INDIA PVT LTD | 604 | 0.22% | 885 | 0.40% |
| FIAT INDIA AUTOMOBILES PVT LTD | 587 | 0.22% | 658 | 0.30% |
| JAGUAR LAND ROVER INDIA LIMITED | 183 | 0.07% | 310 | 0.14% |
| VOLKSWAGEN AG/INDIA PVT. LTD.* | 181 | 0.07% | 2,705 | 1.24% |
| FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE | 147 | 0.05% | 536 | 0.25% |
| VOLVO AUTO INDIA PVT LTD | 123 | 0.05% | 145 | 0.07% |
| SKODA AUTO INDIA/AS PVT LTD* | 48 | 0.02% | 1,247 | 0.57% |
| AUDI AG* | 41 | 0.02% | 286 | 0.13% |
| MERCEDES -BENZ AG | 38 | 0.01% | – | 0.00% |
| PORSCHE AG GERMANY | 24 | 0.01% | 32 | 0.01% |
| BENTLEY MOTORS LIMITED | 3 | 0.00% | 2 | 0.00% |
| ROLLS ROYCE | 2 | 0.00% | 3 | 0.00% |
| AUTOMOBILI LAMBORGHINI S.P.A | 1 | 0.00% | 2 | 0.00% |
| FERRARI INDIA PRIVATE LIMITED | 1 | 0.00% | – | 0.00% |
| Others | 1,265 | 0.47% | 33 | 0.02% |
| Total | 2,71,249 | 100.00% | 2,18,775 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
- Vehicle Registration Data has been collated as on 09.01.21 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,270 out of 1,477 RTOs.
| Tractor (TRAC) | ||||
| Tractor OEM | DEC’20 | Market Share (%), DEC’20 | DEC’19 | Market Share (%), DEC’19 |
| MAHINDRA & MAHINDRA LIMITED (TRACTOR) | 16,385 | 23.71% | 12,660 | 24.82% |
| MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION) | 11,668 | 16.88% | 8,274 | 16.22% |
| INTERNATIONAL TRACTORS LIMITED | 9,380 | 13.57% | 5,743 | 11.26% |
| TAFE LIMITED | 8,022 | 11.61% | 5,727 | 11.23% |
| ESCORTS LIMITED (AGRI MACHINERY GROUP) | 7,162 | 10.36% | 6,075 | 11.91% |
| JOHN DEERE INDIA PVT LTD(TRACTOR DEVISION) | 5,271 | 7.63% | 3,461 | 6.79% |
| EICHER TRACTORS | 4,410 | 6.38% | 3,707 | 7.27% |
| CNH INDUSTRIAL (INDIA) PVT LTD | 2,593 | 3.75% | 1,895 | 3.72% |
| KUBOTA AGRICULTURAL MACHINERY INDIA PVT.LTD. | 1,049 | 1.52% | 794 | 1.56% |
| V.S.T. TILLERS TRACTORS LIMITED | 446 | 0.65% | 463 | 0.91% |
| FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE | 296 | 0.43% | 243 | 0.48% |
| CAPTAIN TRACTORS PVT. LTD. | 288 | 0.42% | 218 | 0.43% |
| INDO FARM EQUIPMENT LIMITED | 159 | 0.23% | 169 | 0.33% |
| Others | 1,976 | 2.86% | 1,575 | 3.09% |
| Total | 69,105 | 100.00% | 51,004 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
- Vehicle Registration Data has been collated as on 09.01.21 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,270 out of 1,477 RTOs.
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