• Vehicle Registrations in September continues to grow by 11.45% on MoM basis but falls by -10.24% on YoY basis.
  • On yearly comparison, 2-Wheeler degrows by -12.62%, 3-Wheeler by -58.86% and CV by -33.65%. PV for the first time grew by 9.81% since unlocking began. Tractor registrations continued its upward journey with a magnificent 80.39% growth.
  • With social distancing as the new normal, the Government’s push to open urban areas and easing of vehicle financing, entry level passenger vehicles saw good demand.
  • Tractor sales in rural India continues its positive run as Kharif sowing witnessed record progress of area covered till date (1,116.88 lakh Ha area sown compared to 1,066.06 lakh Ha area.)
  • Dealer Inventory for both 2W and PV are at highest levels in anticipation of a good festive season. Any further increase in inventory coupled with festival dampener will have a catastrophic impact on the health of auto dealerships.

8th October’20, New Delhi: The Federation of Automobile Dealers Associations (FADA) today released the Monthly Vehicle Registration Data for the Month of September’20.

September’20 Retail Sales

Commenting on how September’20 performed, FADA President, Vinkesh Gulati said, With the Government’s persistent effort to unlock India, the month of September continued to witness Automobile Registrations on a rise as compared to previous months.

Passenger Vehicles for the first time saw positive growth coming back on YoY basis. With social distancing on customer’s mind coupled with government’s push to further normalise business conditions and banks becoming more considerate to finance vehicles, entry level passenger vehicles saw good demand thus indicating a preference for personal transportation over public. New Launches & Vehicle availability played their part as catalyst. A lower base during last FY also helped the cause.

Tractor sales continued its dream run as Kharif sowing witnessed record progress of area covered till date when compared to last year. With good Rabi season resulting in good disposable income, rural market also saw its rub off effect on 2-Wheeler, small passenger vehicles and small commercial vehicles. Overall, 2-wheeler, 3-Wheeler, and Commercial Vehicles continued to march ahead on MoM basis and inched up to narrow their gap with last year’s sale even though pre-covid levels are yet to be seen across all categories.

While recently, the economic revival was mostly limited to Rural India and impact of Covid-19 was still felt on larger states and urban centres, the top states which makes up half of India’s economic output (Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka, Gujarat and West Bengal) are now showing signs of revival as economic activities in these states are at its peak since lockdown began in March. This has also helped in creating a demand for automobile sales.

Near Term Outlook

The month of October & November brings with itself the much awaited festival season of Navratri, Durga Puja & Diwali. With no more lockdown as announced by the Central Government, FADA anticipates a high growth period during these two months for Automobile Sales in India.

The Government’s consideration to waive off interest on interest during moratorium up to Rs 2 Crores will help in improving customer sentiment thus making them conclude vehicle purchase decision during the festivities.

With Banks and NBFCs also gearing up with various festival offers to woo retail customers, Auto Sales is expected to witness a renewed growth and may close at par with last year. Passenger vehicles and two wheelers are anticipated to lead the way.

As a caveat, with festival season round the corner and elections approaching in Bihar, the risk of Covid spread resurging may play a spoilsport in specific regions. Inventory for 2W stands at 45-50 days and PV stands at 35-40 days. Any dampener in vehicle sales during the upcoming festivals will have a catastrophic impact on Dealers financial health.

FADA thus once again advises extreme caution to both OEMs and the Dealers to avoid building any further inventory as this may lead to a disastrous situation similar to last 2 festive seasons when sales were below the mark.

Chart showing Vehicle Registration Data for September’20 with YoY comparison can be found below:

All India Vehicle Registration Data for September’20

CATEGORYSEP’20SEP’19YoY %
2W10,16,97711,63,918-12.62%
3W24,06058,485-58.86%
CV39,60059,683-33.65%
PV1,95,6651,78,1899.81%
TRAC68,56438,00880.39%
Total13,44,86614,98,283-10.24%

Source: FADA Research

Disclaimer:

  • The above numbers do not have figures from AP, MP, LD & TS as all these States/UT’s are not yet on Vahan 4.
  • Vehicle Registration Data has been collated as on 06.10.20 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,254 out of 1,461 RTOs.

OEM wise Market Share Data for the Month of September’20 with YoY comparison

Two-Wheeler (2W)
Two-Wheeler OEMSEP’20Market Share (%), SEP’20SEP’19Market Share (%), SEP’19
HERO MOTOCORP LTD 3,42,94033.72% 3,85,85133.15%
HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD 2,59,93525.56% 3,00,95425.86%
TVS MOTOR COMPANY LTD 1,57,34715.47% 1,72,74214.84%
BAJAJ AUTO LTD 1,22,09812.01% 1,54,09213.24%
INDIA YAMAHA MOTOR PVT LTD 44,4364.37% 45,3833.90%
ROYAL-ENFIELD (UNIT OF EICHER LTD) 41,4874.08% 49,4004.24%
SUZUKI MOTORCYCLE INDIA PVT LTD 39,9963.93% 46,1463.96%
PIAGGIO VEHICLES PVT LTD 3,3430.33% 5,2810.45%
CLASSIC LEGENDS PVT LTD 2,1210.21% 1,4920.13%
ADISHWAR AUTO RIDE INDIA PVT LTD 1920.02% 950.01%
H-D MOTOR COMPANY INDIA PVT LTD 1680.02% 1700.01%
TRIUMPH MOTORCYCLES (INDIA) PVT LTD 700.01% 680.01%
INDIA KAWASAKI MOTORS PVT LTD 680.01% 2460.02%
BMW INDIA PVT LTD 420.00% 1610.01%
DUCATI INDIA PVT LTD 70.00% 190.00%
DUCATI MOTOR HOLDING S.P.A 50.00% 40.00%
Others including EV 2,7220.27% 1,8140.16%
Total 10,16,977 100.00%11,63,918 100.00%

Source: FADA Research

Disclaimer:

  • The above numbers do not have figures from AP, MP, LD & TS as all these States/UT’s are not yet on Vahan 4.
  • Vehicle Registration Data has been collated as on 06.10.20 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,254 out of 1,461 RTOs.
Three-Wheeler (3W)
Three-Wheeler OEMSEP’20Market Share (%), SEP’20SEP’19Market Share (%), SEP’19
BAJAJ AUTO LTD 9,14938.03% 25,31243.28%
PIAGGIO VEHICLES PVT LTD 5,39422.42% 10,57218.08%
ATUL AUTO LTD 9403.91% 2,9715.08%
TVS MOTOR COMPANY LTD 7032.92% 1,0831.85%
MAHINDRA & MAHINDRA LIMITED 4681.95% 3,4765.94%
Others including EV 7,40630.78% 15,07125.77%
Total 24,060 100.00% 58,485 100.00%

Source: FADA Research

 

Disclaimer:

  • The above numbers do not have figures from AP, MP, LD & TS as all these States/UT’s are not yet on Vahan 4.
  • Vehicle Registration Data has been collated as on 06.10.20 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,254 out of 1,461 RTOs.
Commercial Vehicle (CV)
Commercial Vehicle OEMSEP’20Market Share (%), SEP’20SEP’19Market Share (%), SEP’19
MAHINDRA & MAHINDRA LIMITED 13,87535.04% 14,31123.98%
TATA MOTORS LTD 12,40131.32% 26,15043.81%
ASHOK LEYLAND LTD 4,49011.34% 8,94714.99%
MARUTI SUZUKI INDIA LTD 2,3375.90% 2,0473.43%
VE COMMERCIAL VEHICLES LTD 1,7984.54% 3,0685.14%
FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE 6051.53% 9221.54%
DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD 5701.44% 1,0851.82%
SML ISUZU LTD 2620.66% 6901.16%
Others 3,2628.24% 2,4634.13%
Total 39,600 100.00% 59,683 100.00%

Source: FADA Research

Disclaimer:

  • The above numbers do not have figures from AP, MP, LD & TS as all these States/UT’s are not yet on Vahan 4.
  • Vehicle Registration Data has been collated as on 06.10.20 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,254 out of 1,461 RTOs.
Passenger Vehicle (PV)
Passenger Vehicle OEMSEP’20Market Share (%), SEP’20SEP’19Market Share (%), SEP’19
MARUTI SUZUKI INDIA LTD 97,64049.90% 84,92747.66%
HYUNDAI MOTOR INDIA LTD 35,18217.98% 31,68917.78%
TATA MOTORS LTD 15,6367.99% 9,5285.35%
MAHINDRA & MAHINDRA LIMITED 11,0605.65% 12,7067.13%
KIA MOTORS INDIA PVT LTD 8,0214.10% 3,0801.73%
RENAULT INDIA PVT LTD 6,6503.40% 5,1732.90%
HONDA CARS INDIA LTD 5,5942.86% 7,7254.34%
TOYOTA KIRLOSKAR MOTOR PVT LTD 5,0872.60% 8,1764.59%
FORD INDIA PVT LTD 3,3221.70% 4,4182.48%
SKODA AUTO VOLKSWAGEN INDIA PVT LTD 1,8080.92%00.00%
MG MOTOR INDIA PVT LTD 1,7860.91% 1,9701.11%
NISSAN MOTOR INDIA PVT LTD 7510.38% 1,6170.91%
MERCEDES-BENZ INDIA PVT LTD 5450.28% 7720.43%
BMW INDIA PVT LTD 4670.24% 6000.34%
FIAT INDIA AUTOMOBILES PVT LTD 4290.22% 6330.36%
VOLKSWAGEN AG/INDIA PVT. LTD. 2410.12% 1,7991.01%
SKODA AUTO INDIA/AS PVT LTD 2310.12% 9240.52%
JAGUAR LAND ROVER INDIA LIMITED 1350.07% 2730.15%
VOLVO AUTO INDIA PVT LTD 1200.06% 1300.07%
FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE 970.05% 5530.31%
Audi AG 380.02% 2270.13%
MERCEDES -BENZ AG 200.01%00.00%
PORSCHE AG GERMANY 200.01% 300.02%
AUTOMOBILI LAMBORGHINI S.P.A 20.00%00.00%
ROLLS ROYCE 10.00% 10.00%
FERRARI INDIA PRIVATE LIMITED 10.00% 20.00%
BENTLEY MOTORS LIMITED00.00% 40.00%
Others 7810.40% 1,2320.69%
Total 1,95,665 100.00% 1,78,189 100.00%

Source: FADA Research

Disclaimer:

  • The above numbers do not have figures from AP, MP, LD & TS as all these States/UT’s are not yet on Vahan 4.
  • Vehicle Registration Data has been collated as on 06.10.20 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,254 out of 1,461 RTOs.
Tractor (TRAC)
Tractor OEMSEP’20Market Share (%), SEP’20SEP’19Market Share (%), SEP’19
MAHINDRA & MAHINDRA LIMITED (TRACTOR) 15,59722.75% 8,83423.24%
MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION) 11,46616.72% 6,11616.09%
INTERNATIONAL TRACTORS LIMITED 8,77812.80% 4,71412.40%
TAFE LIMITED 7,74911.30% 4,16010.95%
ESCORTS LIMITED (AGRI MACHINERY GROUP) 7,37710.76% 4,16810.97%
JOHN DEERE INDIA PVT LTD(TRACTOR DEVISION) 5,0657.39% 3,0337.98%
EICHER TRACTORS 4,2196.15% 2,4316.40%
CNH INDUSTRIAL (INDIA) PVT LTD 2,8874.21% 1,6714.40%
KUBOTA AGRICULTURAL MACHINERY INDIA PVT.LTD. 1,5502.26% 5281.39%
V.S.T. TILLERS TRACTORS LIMITED 8481.24% 4211.11%
FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE 5130.75% 2100.55%
INDO FARM EQUIPMENT LIMITED 1540.22% 1590.42%
CAPTAIN TRACTORS PVT. LTD. 1040.15% 1210.32%
Others 2,2573.29% 1,4423.79%
Total 68,564 100.00% 38,008 100.00%

Source: FADA Research

Disclaimer:

  • The above numbers do not have figures from AP, MP, LD & TS as all these States/UT’s are not yet on Vahan 4.
  • Vehicle Registration Data has been collated as on 06.10.20 and in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,254 out of 1,461 RTOs

State wise Vehicle Registration Data for the Month of September’20 with YoY comparison

Andaman & Nicobar
CATEGORYSEP’20SEP’19YoY %
2W         404                547-26.14%
3W           10                    4150.00%
CV             8                    633.33%
PV         172                14717.01%
TRAC            –                   –
Total         594                 704 -15.63%

 

ARUNACHAL PRADESH
CATEGORYSEP’20SEP’19YoY %
2W         904             1,588-43.07%
3W             3                  86-96.51%
CV           81                118-31.36%
PV         598                5832.57%
TRAC           28                  2227.27%
Total      1,614              2,397 -32.67%

 

ASSAM
CATEGORYSEP’20SEP’19YoY %
2W    29,655       30,470-2.67%
3W      1,196         2,496-52.08%
CV      1,421         2,151-33.94%
PV      6,538         6,722-2.74%
TRAC      1,255            68782.68%
Total    40,065        42,526 -5.79%

 

BIHAR
CATEGORYSEP’20SEP’19YoY %
2W    70,798       75,655-6.42%
3W      4,776         7,563-36.85%
CV      2,117         2,311-8.39%
PV      5,880         4,65426.34%
TRAC      5,022         2,72584.29%
Total    88,593        92,908 -4.64%

 

CHHATTISGARH
CATEGORYSEP’20SEP’19YoY %
2W    22,689       30,070-24.55%
3W         103            543-81.03%
CV         653         1,226-46.74%
PV      2,464         3,165-22.15%
TRAC      1,987         1,38243.78%
Total    27,896        36,386 -23.33%

 

CHANDIGARH
CATEGORYSEP’20SEP’19YoY %
2W      1,022         1,236-17.31%
3W         101              38165.79%
CV           61              96-36.46%
PV         964            63053.02%
TRAC             4                333.33%
Total      2,152          2,003 7.44%

 

DADRA & NAGAR HAVELI AND DAMAN & DIU
CATEGORYSEP’20SEP’19YoY %
2W         815            7429.84%
3W             3                5-40.00%
CV           58            197-70.56%
PV         269            281-4.27%
TRAC             3                1200.00%
Total      1,148          1,226 -6.36%

 

DELHI
CATEGORYSEP’20SEP’19YoY %
2W    21,074       28,920-27.13%
3W         926         2,825-67.22%
CV         920         1,442-36.20%
PV      8,123         9,795-17.07%
TRAC            –                1-100.00%
Total    31,043        42,983 -27.78%

 

GOA
CATEGORYSEP’20SEP’19YoY %
2W      2,153         3,109-30.75%
3W             1                3-66.67%
CV         100            157-36.31%
PV         851         1,080-21.20%
TRAC             4                2100.00%
Total      3,109          4,351 -28.55%

 

GUJARAT
CATEGORYSEP’20SEP’19YoY %
2W    36,403       68,572-46.91%
3W         543         5,849-90.72%
CV      2,277         4,011-43.23%
PV    14,842       15,276-2.84%
TRAC      4,085         3,63012.53%
Total    58,150        97,338 -40.26%

 

HIMACHAL PRADESH
CATEGORYSEP’20SEP’19YoY %
2W      6,904         4,76544.89%
3W           41              2941.38%
CV         782         1,002-21.96%
PV      4,729         2,95859.87%
TRAC         293            119146.22%
Total    12,749          8,873 43.68%

 

HARYANA
CATEGORYSEP’20SEP’19YoY %
2W    29,930       43,240-30.78%
3W         534         2,486-78.52%
CV      1,623         3,422-52.57%
PV    11,317       10,7844.94%
TRAC      4,387         2,90151.22%
Total    47,791        62,833 -23.94%

 

JHARKHAND
CATEGORYSEP’20SEP’19YoY %
2W    33,410       30,30210.26%
3W         964         1,698-43.23%
CV         755            982-23.12%
PV      4,647         3,31440.22%
TRAC      1,721            816110.91%
Total    41,497        37,112 11.82%

 

JAMMU & KASHMIR
CATEGORYSEP’20SEP’19YoY %
2W    13,205         4,888170.15%
3W         204            11282.14%
CV         608            52016.92%
PV      7,222         2,260219.56%
TRAC         154            174-11.49%
Total    21,393          7,954 168.96%

 

KARNATAKA
CATEGORYSEP’20SEP’19YoY %
2W    78,736       85,711-8.14%
3W      1,300         4,107-68.35%
CV      3,226         4,587-29.67%
PV    15,517       14,4447.43%
TRAC      3,774         2,44954.10%
Total 1,02,553     1,11,298 -7.86%

 

KERALA
CATEGORYSEP’20SEP’19YoY %
2W    51,979       56,171-7.46%
3W      1,182         2,600-54.54%
CV      1,966         2,257-12.89%
PV    17,934       18,372-2.38%
TRAC           24              26-7.69%
Total    73,085        79,426 -7.98%

 

LADAKH
CATEGORYSEP’20SEP’19YoY %
2W           31                3933.33%
3W            –               –
CV           24                3700.00%
PV         278              191363.16%
TRAC           13               –
Total         346               25 1284.00%

 

MAHARASHTRA
CATEGORYSEP’20SEP’19YoY %
2W 1,10,373    1,11,683-1.17%
3W      1,890         6,776-72.11%
CV      5,524         8,994-38.58%
PV    23,870       19,41122.97%
TRAC    11,655         3,649219.40%
Total 1,53,312     1,50,513 1.86%

 

MEGHALAYA
CATEGORYSEP’20SEP’19YoY %
2W      1,205         1,561-22.81%
3W           53              87-39.08%
CV         301            316-4.75%
PV      1,015            9694.75%
TRAC             2                1100.00%
Total      2,576          2,934 -12.20%

 

MANIPUR
CATEGORYSEP’20SEP’19YoY %
2W         653         1,953-66.56%
3W             2            122-98.36%
CV           23            138-83.33%
PV         139            550-74.73%
TRAC             1                4-75.00%
Total         818          2,767 -70.44%

 

MIZORAM
CATEGORYSEP’20SEP’19YoY %
2W      1,364         2,184-37.55%
3W         131              31322.58%
CV         134            246-45.53%
PV         372            448-16.96%
TRAC             1               –
Total      2,002          2,909 -31.18%

 

NAGALAND
CATEGORYSEP’20SEP’19YoY %
2W         726            54632.97%
3W             9              83-89.16%
CV         209            827-74.73%
PV         802            49861.04%
TRAC            –                3-100.00%
Total      1,746          1,957 -10.78%

 

ODISHA
CATEGORYSEP’20SEP’19YoY %
2W    39,193       49,502-20.83%
3W         984         2,193-55.13%
CV      1,731         2,360-26.65%
PV      4,584         4,00614.43%
TRAC      1,627         1,02758.42%
Total    48,119        59,088 -18.56%

 

PUNJAB
CATEGORYSEP’20SEP’19YoY %
2W    25,202       43,828-42.50%
3W         275            687-59.97%
CV         975         1,836-46.90%
PV      6,429         7,053-8.85%
TRAC      3,311         1,84079.95%
Total    36,192        55,244 -34.49%

 

PUDUCHERRY
CATEGORYSEP’20SEP’19YoY %
2W      4,078         3,7678.26%
3W           11                837.50%
CV           50              76-34.21%
PV         559            49113.85%
TRAC             3               –
Total      4,701          4,342 8.27%

 

RAJASTHAN
CATEGORYSEP’20SEP’19YoY %
2W    45,296       63,598-28.78%
3W         736         1,454-49.38%
CV      2,337         3,644-35.87%
PV      8,683         8,1306.80%
TRAC      8,421         3,649130.78%
Total    65,473        80,475 -18.64%

 

SIKKIM
CATEGORYSEP’20SEP’19YoY %
2W         209            406-48.52%
3W            –               –
CV           10              42-76.19%
PV         227            621-63.45%
TRAC            –               –
Total         446          1,069 -58.28%

 

TAMIL NADU
CATEGORYSEP’20SEP’19YoY %
2W 1,43,990    1,20,11719.87%
3W      1,634         3,524-53.63%
CV      5,325         5,564-4.30%
PV    15,480       14,07310.00%
TRAC      3,731         1,93892.52%
Total 1,70,160     1,45,216 17.18%

 

TRIPURA
CATEGORYSEP’20SEP’19YoY %
2W      3,454         3,647-5.29%
3W         360            27132.84%
CV         168            175-4.00%
PV         433            3969.34%
TRAC            –                1-100.00%
Total      4,415          4,490 -1.67%

 

UTTARAKHAND
CATEGORYSEP’20SEP’19YoY %
2W      9,312       11,490-18.96%
3W         205            629-67.41%
CV         366            600-39.00%
PV      2,617         2,29514.03%
TRAC         428            156174.36%
Total    12,928        15,170 -14.78%

 

UTTAR PRADESH
CATEGORYSEP’20SEP’19YoY %
2W 1,28,162    1,91,233-32.98%
3W      3,942         8,650-54.43%
CV      3,164         6,518-51.46%
PV    18,138       16,19312.01%
TRAC    14,017         8,84058.56%
Total 1,67,423     2,31,434 -27.66%

 

WEST BENGAL
CATEGORYSEP’20SEP’19YoY %
2W 1,03,648       92,41412.16%
3W      1,941         3,526-44.95%
CV      2,603         3,859-32.55%
PV      9,972         8,57116.35%
TRAC      2,613         1,96233.18%
Total 1,20,777     1,10,332 9.47%

NC

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