FADA DATA
Car discounts make comeback after four long years of waiting in the auto industry
Car discounts have returned after four years of long waitlists, driven by changes in the automotive industry's pricing strategies. Dealers are ramping up production to meet high demand, especially for SUVs, and are offering substantial discounts across various models. Some discounts reach as high as Rs 1.5 lakh on specific models, including hatchbacks, sedans, and electric vehicles (EVs).
Vehicle registrations rise by a modest 3 per cent in May
Vehicle registrations increased by 3% to 2.09 million units last month, with delays in purchases due to election uncertainties and extreme heat. Passenger vehicle registrations slightly decreased by 0.96% to 303,358 units. Two-wheeler registrations rose by 2.48% to 1,534,856 units, three-wheelers by 20.09% to 98,265 units, and commercial vehicles by 4.07% to 83,059 units.
May auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA
In May, auto retail sales dropped by 5.28% from the previous month, influenced by the heatwave and the recent Lok Sabha elections, according to FADA. However, annual figures showed a 2.6% increase. Two-wheelers and commercial vehicles saw year-on-year growth, while passenger vehicles and tractors slightly contracted.
Apple not the only company to grapple with cash payments in India; cash also figures prominently in car sales
With customers continuing to stream in with wads of notes to buy mobile phones or computers, payments for 7-9% of the American firm's sales in the two stores in India are made with cash, compared to less than 1% or even nil in its stores in the US or Europe, according to people with knowledge of the matter.
Vehicle registrations rise by a modest 3% in March
While passenger vehicle and commercial vehicle retails declined last month by 6%, industry volumes rose on demand for two-wheelers and three-wheelers.
Vehicle registrations increase by 13% to two million units in February, according to FADA
FADA President Manish Raj Singhania said vehicle retails increased across categories. While sales of two-wheelers went up by 13.25% to 1,439,523 units in the month under consideration, those of three-wheelers rose 23.88% to 94,918 units. “The 2W market's 13% YoY growth was driven by the rural sector, premium model demand, and strong entry-level segment performance, with broader product availability and compelling offers enhancing product acceptance. Factors like favourable marriage dates and improved economic conditions also contributed to this positive growth”, Singhania informed.
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Vehicle registrations rise 15% in Jan driven by strong demand for passenger vehicles and two-wheelers
Vehicle registrations in India reached 2,127,653 units last month, marking a significant increase compared to the same period last year, according to the Federation of Automobile Dealers Association (FADA). Two-wheeler sales grew by 15%, driven by the rural market, while passenger vehicle sales reached an all-time high. However, high inventory levels and potential caution from consumers due to upcoming elections could pose challenges for auto dealers.
India's auto retails rise 15% in Jan riding record PV sales; a tough Q4 awaits for CVs: FADA
According to data from FADA, the overall auto retail market in India grew by 15% YoY in January. The two-wheeler, three-wheeler, passenger vehicle, and tractor segments witnessed YoY growth of 15%, 37%, 13%, and 21%, respectively. However, commercial vehicles (CVs) only saw a 0.1% growth due to factors like extreme weather, tightened liquidity, high vehicle costs, and more restricted financing.
Raptee Energy unveils ‘see-through’ e-bike concept with 150 km range
As per Raptee, charging the vehicle at any CCS2 charging station is efficient, requiring only 45 minutes to reach 80 percent capacity or a 15-minute charge for a range of up to 40 km. Furthermore, the EV maker says that the motorcycle, which will house a powerful motor, is capable of propelling this EV to 60 kmph from a standstill in 3.5 seconds.
EV sales jumps 49 pc to 15.29 lakh units in 2023: FADA
The e-three-wheeler sales volumes surged 65.23 per cent year-on-year to 5,82,793 units from 3,52,710 units sold in 2022. E-commercial vehicles sales rose 114.16 per cent year-on-year to 5,673 units in 2023 compared to 2,649 vehicles in the preceding year.
Auto retails jump 21% in December; CY23 growth in double digits: FADA
In December, automobile retail sales recorded a 21% YoY growth, as per data from the Federation of Automobile Dealers Associations (FADA). Two-wheelers (2W) witnessed a notable surge of 28%, three-wheelers (3W) grew by 36%, and passenger vehicles (PV) saw a steady increase of 3%. Tractor and Commercial Vehicle (CV) sales also rose by 0.2% and 1.3%, respectively.
Vehicle retail sales in India surge 21.14% in December, two-wheeler segment leads growth
According to data collected from the VAHAN portal of the Ministry of Road, Transport & Highways (MoRTH) by the Federation of Automobile Dealers Association (FADA), a total of 1,990,915 vehicles were sold last month. This represents a growth of 21.14% compared to the 1,643,514 units sold in the same period the previous year.
EV retail sales grow 25.5 pc to 1,52,606 units in November, says FADA
The e-two-wheeler sales were 18.82 per cent higher at 91,243 units during the previous month from 76,791 units in November 2022. The e-three-wheeler volume rose 32.37 per cent to 53,766 vehicles in the reporting month as compared to 40,619 units retailed in the year-ago period, the data showed.
Core sector growth rises to 12.1% in October; Govt capex push plays key role
All eight sectors of the index recorded a rise in October, with four of the eight sectors registering double-digit. Electricity production rose to its highest level of 20.3% in October, double the 9.9% growth witnessed in the previous month.
Vehicle registrations hit a festive record
Retail sales, indicated by vehicle registrations, surged by nearly 19% to a record 3.8 million units during the festive season, reflecting strong consumer demand. Federation of Automobile Dealers Association (FADA) data reveals 3,793,584 vehicles registered between Navratri and Bhai Dooj, a 19% increase from the 2022 period. Sales growth was 21% in two-wheelers, 41% in three-wheelers, 8% in commercial vehicles and 10% in passenger vehicles.
Festive season demand fuels automobile retail sales to record high: FADA
Fueled by robust demand, India's automotive retail sales hit a record during the festive season, with overall sales surging 19% YoY. Passenger vehicle retail sales increased by 10%. Inventory levels for passenger vehicles remain a concern. Two-wheeler registrations rose 21% while three-wheeler registrations saw a 41% increase. Tractor sales experienced a slight decline.
During festivals. the rural customer has spent money on 2-wheelers or 4-wheelers: FADA President
“What is unique about two-wheelers is the kind of double-digit growth we see. I can confidently say that we will be seeing a growth of somewhere between 20% and 25% in the two-wheeler segment. That can only happen when the entry-level has delivered the requisite numbers. So, that is the good part.”
Vehicle registrations decline by 8% in October, but festive season boosts buyer sentiments
In October, Indian vehicle registrations fell by 8% amid the inauspicious Shraddh period, with 2,117,596 vehicles registered, according to FADA. Despite the decline, resilient demand during Navratri and ongoing festivities bolstered buyer sentiments across categories, indicating a strong market rebound.
India's October auto sales rise 12.5% on month; Navratri sees record-breaking sales
In October, year-on-year auto sales in India declined by 8% due to the Shraddh period in the first half of the month. However, the Federation of Automobile Dealers Association (FADA) pointed out that this decline should not be a cause for concern, as sales increased by 13% from the previous month. Three-wheeler sales also reached a new high.
3-wheelers continue record outperformance, sales up 66% YoY in H1FY24
Retail sales of three-wheelers in India during the first half of the current financial year increased by 65.66% compared to the previous year, reaching 5.33 lakh units, according to data from the Federation of Automobile Dealers Associations (FADA). This figure also exceeded retail sales in the pre-Covid period of H1FY19.
Festival spirit gives a lift to auto retail as rural demand picks up
Vehicle registrations in India saw a 20% increase in September, indicating sustained demand in the domestic market. Retail sales of vehicles also grew by 14% compared to pre-pandemic levels. Two-wheeler sales rose by 2%, potentially signaling a turnaround in rural markets. Passenger vehicle registrations increased by 19%, while commercial vehicle sales grew by 21.68%. However, tractor sales declined by 9.66%.
India's auto sales jump 20% in September, 2-wheelers' new feat shows turnaround for rural markets
India's overall auto sales in September increased by 20% compared to the previous year. The two-wheeler and three-wheeler categories also saw new records. The 2W category had a 22% increase, while the 3W category had a 49% increase. However, tractor sales decreased by 10%. The sales growth is attributed to the upcoming festive season, the introduction of new models, attractive promotional offers, and increased demand in rural areas. This positive trend is seen as a potential turnaround in the rural market.
Reduce GST on entry-level two-wheelers: FADA to Centre
The Federation of Automobile Dealers Associations (Fada) has called on the government to reduce the goods and services tax (GST) rate on entry-level two-wheelers from 28% to 18%. Fada president Manish Raj Singhania stated that although the two-wheeler segment has seen growth, it is still 20% below pre-pandemic levels. Singhania believes that reducing the GST rate would not only be a policy adjustment but also a socio-economic catalyst, as this segment constitutes 75% of total auto sales volume.
Auto retail sales surge 9% in Aug
Vehicle registrations in India increased by 9% last month, indicating healthy customer demand in the lead-up to the festive season. The Federation of Automobile Dealers Association (FADA) expects this momentum to continue due to new vehicle launches and signs of revival in rural markets.
India's auto sales up by 9%, 3W sales at record high in August: FADA
India's auto sales in August grew by 9%, slightly lower than previously reported figures, according to the Federation of Automobile Dealers Association (FADA). Sales increased across various vehicle categories, with two-wheelers up by 6%, passenger vehicles by 6.5% and commercial vehicles by 3%. Three-wheeler sales saw the biggest jump, increasing by 66% compared to the previous year.
Electric 2-wheeler companies all charged up to raise production
One of every five two-wheelers sold in India will be an electric within the next two years, as manufacturers introduce more affordable models and the network of public charging stations becomes stronger, Tarun Mehta, the CEO of Ather Energy, told ET.
Vehicle registrations stay in the fast lane
Vehicle registrations increased by 10% last month, indicating sustained consumer demand in India's automotive market. Passenger vehicle, two-wheeler, and commercial vehicle registrations rose by 4.03%, 8.15%, and 2.02%, respectively. The momentum is expected to continue due to new vehicle launches and increased government spending on infrastructure projects.
Automobile retails up 10% YoY in July, but down 5% MoM: FADA
While automobile retails saw a growth of 10 per cent year-on-year, on a monthly basis, a decline of 5 per cent was seen in the month of July, Federation of Automobile Dealers Associations (FADA) data showed. While caution remains the operative word in the short term, FADA is hopeful about retail growth prospects, especially with the festive season on the horizon.
India's passenger vehicle sales to grow 9-10% in 2024: CRISIL
India's passenger vehicle sales are expected to grow about 9%-10% in the next fiscal, around 20% above pre-pandemic peak levels, owing to strong demand and easing chip shortages in the world's fourth-largest car market, ratings agency Crisil said in a statement on Tuesday.
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