In accordance with the sellers’ physique report, whole automobile registrations at regional transport workplaces (RTOs), that are proxies for gross sales, dropped by 16% to fifteen,58,756 models over December final yr.
New Delhi: Passenger automobile registrations noticed year-on-year de-growth of 11% to 2,44,639 models in December 2021 owing to semiconductor shortage, says the information shared by the Federation of Automobile Dealers Association (FADA) based mostly on VAHAN. Retail gross sales of two-wheelers fell 20% to 11,48,732 models in December 2021 as in opposition to 14,33,334 models in December 2020. In accordance with the sellers’ physique report, whole automobile registrations at regional transport workplaces (RTOs), that are proxies for gross sales, dropped by 16% to fifteen,58,756 models over December final yr.All segments have been in pink, besides three-wheelers and industrial autos.Vinkesh Gulati, president, FADA, mentioned, December is normally seen as a excessive gross sales month the place OEMs proceed to supply finest reductions to clear the stock on account of change of yr. It was nevertheless not the case this time round as retail gross sales continued to disappoint thus wrapping up an underperforming calendar yr.”“With semiconductor scarcity persevering with to play spoil-sport, PV gross sales regardless of large bookings, in December closed in pink. Sellers nevertheless noticed slight ease in automobile provide thus giving some hope of enchancment. The 2W phase nevertheless was on a special trajectory when in comparison with PV. Excessive value of possession, dangerous rural sentiment, make money working from home and the most recent menace of omicron continued to affect gross sales,” he mentioned. Retail gross sales of two-wheelers fell 20% to 11,48,732 models in December 2021 as in opposition to 14,33,334 models in DEcember 2020.
Industrial autos noticed a progress of 14% to 58,847 models in December 2021, in comparison with 51,749 models in December 2020. M&HCV segments proceed wholesome progress with low base of final yr and convey CV gross sales at nearly pre-Covid ranges.“CV phase continues to rise with M&HCV outshining LCV’s. The federal government’s push for infrastructure spending particularly Street infrastructure, higher freight charges, value hike announcement in Jan and a low base helped the general phase shut in optimistic double digits,” Gulati mentioned.The best YoY rise in retail gross sales was noticed for 3 wheelers which recorded 44,288 models in Deceber 2021, as in opposition to 27,766 models in December 2020, marking a progress of 60%. Concerning the near-term outlook, FADA President mentioned, India is as soon as once more beneath the grip of Covid with Delta/Omicron affecting individuals at a quick tempo. This has additionally ignited the third wave. Varied state governments have as soon as once more introduced Covid restrictions. Work and training from house have resumed and may have a damaging impact for auto retail. With the concern of well being care bills rising once more, the purchasers are shying away from closing their buy choices. “With IIT Kanpur predicting the height of omicron generally within the first week of February, FADA therefore stays extraordinarily cautious over the following 2-3 months,” he mentioned. Additionally Learn:
The automotive industry continued to stay a blended bag of wholesales for the final month of 2021. Whereas demand was noticed for carmakers, two wheelers and tractors remained within the pink. The industrial automobile dispatches to sellers are turning to inexperienced.
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