- On YoY basis, total vehicle retail for the month of September’22 saw a growth of 11%.
- Except tractors which decreased by -1.5%, all the other categories were in green. 2W, 3W, PV and CV 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 HP, HR, UK, UP and JH 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.
4th October’22, New Delhi: The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for September’22.
September’22 Retails
Commenting on how September’22 performed, FADA President, Mr. 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.
When compared with September’19, a pre-covid month, total vehicle retails continue to fall by -4% but narrowed the gap from previous months. PV segment continues to show extremely healthy figures by growing 44%. 3W, Tractor and CV also closed in green with an increase of 6%, 37% and 17% respectively. The 2W segment is yet to show signs of any revival as it remains a drag by falling as much as -14%.
The 2W segment showed a growth of 9% YoY but fell by -14% from Sept’19. Due to increased input costs, 2W companies raised prices by 5 times in past one year. Apart from this, RBIs fight with inflation saw rate hikes which continued to make vehicle loans expensive. While India is showing revival signs, Bharat is yet to perform. 2W especially entry level vehicles are finding extremely less buyers thus dragging the entire segment.
The 3W segment continues to see structural shift from ICE to EV. This is also reflected in extremely healthy growth rate of e-rickshaw’s. Apart from better availability of vehicles with full range products including alternate fuels, customers have started using public transport and rickshaw service thus fuelling demand in this segment.
While the CV segment grew by 19%, it is the HCV segment which showed a healthy growth of 40% YoY. Reasons like better availability of vehicles, festivities, bulk fleet purchase and Government’s continued push for infrastructure development made this segment shine.
The PV segment continued its ‘Bolt’ run by showing a growth of 10% YoY and 44% when compared to Sept’19, a pre-covid month. Better availability due to easing semi-conductor supply, new launches and feature rich products kept customers glued to dealerships for getting their favourite vehicles during the auspicious period. The waiting period continues to range between 3 months to 24 months especially for SUVs and compact SUVs which have become the absolute choice for today’s customers.”
Near Term Outlook
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.
The enquiry level in 2W segment is showing positive movement. If this segment, especially entry level 2W also performs well improving its growth to low double digits, overall Auto Retail will see higher growth compared to last 2 festivals but may still lag pre-covid numbers of October’19.
Overall, FADA continues to remain optimistic for the month of October due to the ongoing festive season.
Key Findings from our Online Members Survey
- Inventory at the end of September’22
- Average inventory for Passenger Vehicles ranges from 40-45 days
- Average inventory for Two – Wheelers ranges from 45-50 days
- Liquidity
- Good 51.2%
- Neutral 36.2%
- Bad 12.6%
- Sentiment
- Good 56.7%
- Neutral 34.6%
- Bad 08.7%
- Expectation from October
- Growth 70.1%
- Flat 21.3%
- De-growth 08.7%
Chart showing Vehicle Retail Data
All India Vehicle Retail Data for September’22
| CATEGORY | SEP’22 | SEP’21 | YoY % | SEP’20 | % Change w.r.t SEP’20 | SEP’19 | % Change w.r.t SEP’19 |
| 2W | 10,15,702 | 9,31,654 | 9.02% | 10,56,997 | -3.91% | 11,81,668 | -14.05% |
| 3W | 63,915 | 37,172 | 71.94% | 24,766 | 158.08% | 60,565 | 5.53% |
| E-RICKSHAW(P) | 32,153 | 14,227 | 126.00% | 6,884 | 367.07% | 13,622 | 136.04% |
| E-RICKSHAW WITH CART (G) | 1,720 | 1,190 | 44.54% | 630 | 173.02% | 367 | 368.66% |
| THREE WHEELER (GOODS) | 6,033 | 6,415 | -5.95% | 5,395 | 11.83% | 7,279 | -17.12% |
| THREE WHEELER (PASSENGER) | 23,960 | 15,282 | 56.79% | 11,796 | 103.12% | 39,195 | -38.87% |
| THREE WHEELER (PERSONAL) | 49 | 58 | -15.52% | 61 | -19.67% | 102 | -51.96% |
| PV | 2,60,556 | 2,37,502 | 9.71% | 2,03,300 | 28.16% | 1,80,347 | 44.47% |
| TRAC | 52,595 | 53,392 | -1.49% | 70,140 | -25.01% | 38,374 | 37.06% |
| CV | 71,233 | 59,927 | 18.87% | 41,084 | 73.38% | 60,939 | 16.89% |
| LCV | 43,076 | 37,536 | 14.76% | 31,246 | 37.86% | 38,377 | 12.24% |
| MCV | 4,847 | 4,549 | 6.55% | 2,396 | 102.30% | 4,163 | 16.43% |
| HCV | 21,318 | 15,271 | 39.60% | 5,487 | 288.52% | 17,316 | 23.11% |
| Others | 1,992 | 2,571 | -22.52% | 1,955 | 1.89% | 1,083 | 83.93% |
| Total | 14,64,001 | 13,19,647 | 10.94% | 13,96,287 | 4.85% | 15,21,893 | -3.80% |
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 of previous 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
OEM wise Market Share Data for the Month of September’22 with YoY comparison
| Two – Wheeler (2W) | ||||
| Two-Wheeler OEM | SEP’22 | Market Share (%), SEP’22 | SEP’21 | Market Share (%), SEP’21 |
| HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD | 2,84,160 | 27.98% | 2,40,640 | 25.83% |
| HERO MOTOCORP LTD | 2,50,246 | 24.64% | 2,78,630 | 29.91% |
| TVS MOTOR COMPANY LTD | 1,70,796 | 16.82% | 1,42,801 | 15.33% |
| BAJAJ AUTO LTD | 1,05,914 | 10.43% | 1,18,918 | 12.76% |
| ROYAL-ENFIELD (UNIT OF EICHER LTD) | 55,415 | 5.46% | 33,063 | 3.55% |
| SUZUKI MOTORCYCLE INDIA PVT LTD | 54,256 | 5.34% | 45,653 | 4.90% |
| INDIA YAMAHA MOTOR PVT LTD | 43,390 | 4.27% | 40,710 | 4.37% |
| OLA ELECTRIC TECHNOLOGIES PVT LTD | 9,432 | 0.93% | – | 0.00% |
| OKINAWA AUTOTECH PVT LTD | 8,172 | 0.80% | 3,266 | 0.35% |
| HERO ELECTRIC VEHICLES PVT. LTD | 7,880 | 0.78% | 6,293 | 0.68% |
| AMPERE VEHICLES PRIVATE LIMITED | 6,073 | 0.60% | 786 | 0.08% |
| ATHER ENERGY PVT LTD | 6,150 | 0.61% | 2,175 | 0.23% |
| PIAGGIO VEHICLES PVT LTD | 3,063 | 0.30% | 3,957 | 0.42% |
| CLASSIC LEGENDS PVT LTD | 2,813 | 0.28% | 2,400 | 0.26% |
| Others including EV | 7,942 | 0.78% | 12,362 | 1.33% |
| Total | 10,15,702 | 100.00% | 9,31,654 | 100.0% |
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 of previous 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.
- Others include OEMs accounting less than 0.1% Market Share.
| Three-Wheeler (3W) | ||||
| Three-Wheeler OEM | SEP’22 | Market Share (%), SEP’22 | SEP’21 | Market Share (%), SEP’21 |
| BAJAJ AUTO LTD | 19,474 | 30.47% | 13,849 | 37.26% |
| PIAGGIO VEHICLES PVT LTD | 5,116 | 8.00% | 4,138 | 11.13% |
| YC ELECTRIC VEHICLE | 2,564 | 4.01% | 1,413 | 3.80% |
| MAHINDRA & MAHINDRA LIMITED | 2,454 | 3.84% | 1,150 | 3.09% |
| SAERA ELECTRIC AUTO PVT LTD | 2,149 | 3.36% | 730 | 1.96% |
| MAHINDRA REVA ELECTRIC VEHICLES PVT LTD | 1,694 | 2.65% | 775 | 2.08% |
| ATUL AUTO LTD | 1,437 | 2.25% | 1,263 | 3.40% |
| DILLI ELECTRIC AUTO PVT LTD | 1,416 | 2.22% | 672 | 1.81% |
| CHAMPION POLY PLAST | 1,316 | 2.06% | 711 | 1.91% |
| TVS MOTOR COMPANY LTD | 1,229 | 1.92% | 756 | 2.03% |
| MINI METRO EV L.L.P | 1,166 | 1.82% | 376 | 1.01% |
| UNIQUE INTERNATIONAL | 1,006 | 1.57% | 437 | 1.18% |
| TERRA MOTORS INDIA PVT LTD | 800 | 1.25% | 324 | 0.87% |
| J. S. AUTO (P) LTD | 750 | 1.17% | 455 | 1.22% |
| ENERGY ELECTRIC VEHICLES | 675 | 1.06% | 375 | 1.01% |
| ALLFINE INDUSTRIES PVT LTD | 667 | 1.04% | 182 | 0.49% |
| THUKRAL ELECTRIC BIKES PVT LTD | 648 | 1.01% | 438 | 1.18% |
| Others including EV | 19,354 | 30.28% | 9,128 | 24.56% |
| Total | 63,915 | 100.00% | 37,172 | 100.00% |
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 of previous 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.
- Others include OEMs accounting less than 1% Market Share.
| Commercial Vehicle (CV) | ||||
| Commercial Vehicle OEM | SEP’22 | Market Share (%), SEP’22 | SEP’21 | Market Share (%), SEP’21 |
| TATA MOTORS LTD | 28,615 | 40.17% | 24,822 | 41.42% |
| MAHINDRA & MAHINDRA LIMITED | 17,483 | 24.54% | 11,678 | 19.49% |
| ASHOK LEYLAND LTD | 11,284 | 15.84% | 8,476 | 14.14% |
| VE COMMERCIAL VEHICLES LTD | 4,638 | 6.51% | 3,808 | 6.35% |
| MARUTI SUZUKI INDIA LTD | 3,036 | 4.26% | 3,912 | 6.53% |
| DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD | 1,162 | 1.63% | 1,254 | 2.09% |
| FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE | 984 | 1.38% | 861 | 1.44% |
| SML ISUZU LTD | 725 | 1.02% | 585 | 0.98% |
| Others | 3,306 | 4.64% | 4,531 | 7.56% |
| Total | 71,233 | 100.00% | 59,927 | 100.00% |
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 of previous 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.
| Passenger Vehicle (PV) | ||||
| Passenger Vehicle OEM | SEP’22 | Market Share (%), SEP’22 | SEP’21 | Market Share (%), SEP’21 |
| MARUTI SUZUKI INDIA LTD | 1,03,912 | 39.88% | 99,276 | 41.80% |
| HYUNDAI MOTOR INDIA LTD | 39,118 | 15.01% | 41,416 | 17.44% |
| TATA MOTORS LTD | 36,435 | 13.98% | 23,866 | 10.05% |
| MAHINDRA & MAHINDRA LIMITED | 22,351 | 8.58% | 14,957 | 6.30% |
| KIA MOTORS INDIA PVT LTD | 18,151 | 6.97% | 13,403 | 5.64% |
| TOYOTA KIRLOSKAR MOTOR PVT LTD | 12,610 | 4.84% | 10,582 | 4.46% |
| SKODA AUTO VOLKSWAGEN GROUP | 5,972 | 2.29% | 4,148 | 1.75% |
| SKODA AUTO VOLKSWAGEN INDIA PVT LTD | 5,953 | 2.28% | 3,898 | 1.64% |
| VOLKSWAGEN AG/INDIA PVT. LTD. | 1 | 0.00% | 142 | 0.06% |
| AUDI AG | 18 | 0.01% | 107 | 0.05% |
| SKODA AUTO INDIA/AS PVT LTD | 0 | 0.00% | 1 | 0.00% |
| HONDA CARS INDIA LTD | 5,883 | 2.26% | 7,345 | 3.09% |
| RENAULT INDIA PVT LTD | 5,728 | 2.20% | 8,047 | 3.39% |
| MG MOTOR INDIA PVT LTD | 2,956 | 1.13% | 2,890 | 1.22% |
| NISSAN MOTOR INDIA PVT LTD | 2,209 | 0.85% | 2,903 | 1.22% |
| FIAT INDIA AUTOMOBILES PVT LTD | 1,031 | 0.40% | 1,018 | 0.43% |
| MERCEDES -BENZ GROUP | 1,004 | 0.39% | 1,168 | 0.49% |
| MERCEDES-BENZ INDIA PVT LTD | 972 | 0.37% | 1,083 | 0.46% |
| MERCEDES -BENZ AG | 32 | 0.01% | 70 | 0.03% |
| DAIMLER AG | 0 | 0.00% | 15 | 0.01% |
| BMW INDIA PVT LTD | 852 | 0.33% | 842 | 0.35% |
| PCA AUTOMOBILES INDIA PVT LTD | 717 | 0.28% | 46 | 0.02% |
| FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE | 390 | 0.15% | 103 | 0.04% |
| JAGUAR LAND ROVER INDIA LIMITED | 162 | 0.06% | 218 | 0.09% |
| VOLVO AUTO INDIA PVT LTD | 112 | 0.04% | 154 | 0.06% |
| PORSCHE AG GERMANY | 64 | 0.02% | 43 | 0.02% |
| AUTOMOBILI LAMBORGHINI S.P.A | 7 | 0.00% | 8 | 0.00% |
| FORD INDIA PVT LTD | 6 | 0.00% | 1,917 | 0.81% |
| BENTLEY MOTORS LTD | 3 | 0.00% | 1 | 0.00% |
| ROLLS ROYCE | 2 | 0.00% | 1 | 0.00% |
| Others | 881 | 0.34% | 3,150 | 1.33% |
| Total | 2,60,556 | 100.00% | 2,37,502 | 100.00% |
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 of previous year’s figure, we have not taken them in our comparison for August’22.
- Vehicle Retail Data has been collated as on 06.09.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,337 out of 1,410 RTOs.
| Tractor (TRAC) | ||||
| Tractor OEM | SEP’22 | Market Share (%), SEP’22 | SEP’21 | Market Share (%), SEP’21 |
| MAHINDRA & MAHINDRA LIMITED (TRACTOR) | 12,050 | 22.91% | 11,770 | 22.04% |
| MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION) | 8,429 | 16.03% | 8,695 | 16.29% |
| TAFE LIMITED | 6,664 | 12.67% | 6,130 | 11.48% |
| INTERNATIONAL TRACTORS LIMITED | 6,206 | 11.80% | 6,481 | 12.14% |
| ESCORTS LIMITED (AGRI MACHINERY GROUP) | 5,114 | 9.72% | 5,473 | 10.25% |
| JOHN DEERE INDIA PVT LTD(TRACTOR DEVISION) | 4,267 | 8.11% | 4,739 | 8.88% |
| EICHER TRACTORS | 3,049 | 5.80% | 2,791 | 5.23% |
| CNH INDUSTRIAL (INDIA) PVT LTD | 2,099 | 3.99% | 2,186 | 4.09% |
| KUBOTA AGRICULTURAL MACHINERY INDIA PVT.LTD. | 1,388 | 2.64% | 1,337 | 2.50% |
| V.S.T. TILLERS TRACTORS LIMITED | 533 | 1.01% | 503 | 0.94% |
| CAPTAIN TRACTORS PVT. LTD. | 516 | 0.98% | 229 | 0.43% |
| FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE | 344 | 0.65% | 346 | 0.65% |
| INDO FARM EQUIPMENT LIMITED | 204 | 0.39% | 342 | 0.64% |
| Others | 1,732 | 3.29% | 2,370 | 4.44% |
| Total | 52,595 | 100.00% | 53,392 | 100.00% |
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 of previous year’s figure, we have not taken them in our comparison for August’22.
- Vehicle Retail Data has been collated as on 06.09.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,337 out of 1,410 RTOs.
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