February 2021 Indian Car Sales


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February 2021 Indian Car Sales

Top Ten Hot Selling Cars in February 2021

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Manufacturers' Market Share in February 2021

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Datsun February 2021 Indian Car Sales

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Ford February 2021 Indian Car Sales

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Honda February 2021 Indian Car Sales

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Hyundai February 2021 Indian Car Sales

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Jeep February 2021 Indian Car Sales

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Kia February 2021 Indian Car Sales

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Mahindra February 2021 Indian Car Sales

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Maruti Suzuki February 2021 Indian Car Sales

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Morris Garage February 2021 Indian Car Sales

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Nissan February 2021 Indian Car Sales

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Renault February 2021 Indian Car Sales

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Skoda February 2021 Indian Car Sales

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Tata Motors February 2021 Indian Car Sales

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Toyota February 2021 Indian Car Sales

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Volkswagen February 2021 Indian Car Sales

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Segment Snapshot:

  • Overall the market grew by 23.57% YoY
  • Hatchbacks still account for 45% (down from 52% last year), of total car sales and this is dominated by Maruti Suzuki, but were the most to degrow.Lost market share by close to 7%.
  • Compact SUVs or Sub 4m SUVs is next big segment and is the fastest growning segment with growth of 101%. Commands a market share of over 17%
  • SUV segment also growing by over 84% YoY garnering market share of 14% up form 9% last Feb.
  • CSUV and SUV segment combined to give close to 32% Market share
  • MUV segment de grows by 13%, with Market share coming down in single Digits over previous year.
  • Sedans have remained somewhat flat with market share under 3%.
  • Maruti Eeco Van has created a segment for itself and commands close to 4% of overall marketshare.
  • Compact Sedans showing moderate 20% growth.


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Source:
Snapshot of car sales in February 2021 in February 2021 -Statistics -Autohead.in
 
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SIAM Sales Summary Report: February 2021

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Press Release:
Production:

The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers and Quadricycle in the month of February 2021 was 2,252,877 units, as against 1,952,911 units in February 2020 marking a growth of 15.36%.

Domestic Sales:

• Passenger Vehicles* sales was 281,380 units in February 2021, compared to 238,622 units in February 2020, marking a growth of 17.92%.
• Three-wheeler sales was 27,331 units in February 2021 compared to 41,300 units in February 2020 marking a decrease by (-) 33.82%.
• Two-wheeler sales was 1,426,865 units in February 2021, compared to 1,294,787 units in February 2020, with a growth of 10.20%.

Performance: April - February 2021

Production:

Total production of Passenger Vehicles**, Three Wheelers, Two Wheelers and Quadricycle in April- February 2021 was 19,572,565 units as against 24,140,891 units in April- February 2020 with a decline of (-) 18.92%.

Domestic Sales:
  • Passenger Vehicles** sales was 2,335,808 units in April- February 2021, compared to 2,605,383 units in April- February 2020, down by (-) 10.35%.
  • Three-wheeler sales was 184,267 units in April- February 2021 compared to 609,457 units in April- February 2020, down by (-) 69.77 %.
  • Two-wheeler sales was 13,622,581 units in April- February 2021, compared to 16,549,587 units in April- February 2020, down by (-) 17.69 %
Commenting on the February 2021 data, Mr Rajesh Menon, Director General, SIAM said “In the month of February 2021, 2.81 Lakhs Passenger Vehicles were sold, clocking a CAGR growth of just 3.29% over the previous highest sales in the month of February, in the year 2018 of 2.55 Lakhs, while in February 2020 the total sales were 2.39 Lakhs. As far as Two-Wheelers are concerned 14.27 Lakhs units were sold in February 2021, which results in a de-growth of (-) 5.41% CAGR from the previous highest sales in the month of February, in the year 2018 of 16.86 lakhs, while in February 2020, the sales of Two-Wheelers were 12.95 Lakhs units. However, the total sales from April to February period of Passenger Vehicles were still below 2015-16 levels and for Two-Wheelers it is below 2014-15 levels. Sales of Three-Wheelers continued to suffer a de-growth of (-)33.82%, compared to February 2020, primarily on account of lower off-take of Passenger Three-Wheelers. Supply chain challenges including rising price of steel, unavailability of semi-conductors and higher container charges, continue to be obstacles in smooth functioning of the industry.”
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FADA Vehicle Registration Data: February 2021

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Press Release:
The Federation of Automobile Dealers Associations (FADA) today released Monthly Vehicle Registration Data for February’21.

February’21 Registration

Commenting on how February’21 performed, FADA President, Mr. Vinkesh Gulati said, “Auto Registrations continued to fall in double digits by -13.43% YoY in the month of February. While Tractors maintained their outperformance compared to the broader market, Passenger Vehicles witnessed double digit growth on low base of last year as India started transitioning from BS-4 to BS-6 emission norms. This coupled with the global semiconductor outrage kept waiting period of PV as high as 8 months. FADA Survey showed that 50% PV Dealers lost 20% + sales due to non-availability of vehicles.

2W continued to see sluggish demand as the new wave of Covid in certain states kept customers away. Enquiry levels also narrowed as many educational institutions were still reluctant to open. Fuel prices are at its historic high and has put a dampener in sentiments. This in-turn has pressed brake on sale of entry level price sensitive category.

Overall CV segment continues to falter as availability of finance, negligible sales of passenger buses due to closure of educational institutes and supply side constraints kept the registrations in deep red. LCV’s which saw good pent up demand during last few months post unlocking has now started to fall flat. Tippers and HCV’s are in-turn showing initial signs of revival as Government’s infrastructure push has started creating its demand.”

Near Term Outlook

India’s economy resurfaced to growth territory in the third quarter of FY20-21, clocking 0.4% rise in the GDP. India’s farm sector remained resilient, clocking a 3.9% growth in Gross Value Added (GVA) to the economy, after recording 3.3% and 3% rise in the first two quarters. Tractor registrations will hence continue to outperform overall registrations in near term.

The fuel consumption which had almost recovered from the lows of pandemic is once again witnessing headwinds due to historic price hikes. This will have a negative impact on 2W and CV sales.

Consumer spending, which is the driving force behind India’s economy and accounting for 60% of the GDP, fell 2.4% showing signs of sluggishness despite the quarter being in the festive season. This also reflects that consumers are still uncertain and worried about their income and cautious about spending. India’s growth engine will only see full recovery depending on the pace of the world’s largest vaccination programme. A rapid increase in new covid cases will thus reduce the pace of recovery and hence impact overall Auto demand.

While FADA is thankful to Hon’ble Finance Minister for announcing the Voluntary Scrappage Policy, it continues to await the fine prints of the same. The Federation also urges the Union Government to hold diplomatic discussions with countries manufacturing semi-conductors (Taiwan & other similar countries) so that the momentum which was built thus far in Auto sales is not lost and Auto Industry continues to fuel the recovery process. Overall, FADA continues to remain guarded in its optimism for vehicle registrations in March.

Key Findings from our Online Members Survey

• Sentiments
o 51.9% dealers rated it as Good
o 33.3% dealers rated it as Neutral
o 14.8% dealers rated it as Bad

• Liquidity
o 49.6% dealers rated it as Good
o 36.7% dealers rated it as Neutral
o 13.7% dealers rated it as Bad

• Expectation in March
o 55.9% dealers rated it as Growth
o 24.8% dealers rated it as Flat
o 19.3% dealers rated it as De-growth

• Inventory
o Average inventory for Passenger Vehicles ranges from 10 – 15 days
o Average inventory for Two-Wheeler ranges from 30 – 35 days
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