July 2022 Indian Car Sales


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350Z

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July 2022 Indian Car Sales

Top 10 Hot Selling Cars: July 2022

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Manufacturer's Market Share: July 2022

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Citroën July 2022 Indian Car Sales

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Honda July 2022 Indian Car Sales

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Hyundai July 2022 Indian Car Sales

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Jeep July 2022 Indian Car Sales

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Kia July 2022 Indian Car Sales

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Mahindra July 2022 Indian Car Sales

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Maruti Suzuki July 2022 Indian Car Sales

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Morris Garages July 2022 Indian Car Sales

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Nissan July 2022 Indian Car Sales

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Renault July 2022 Indian Car Sales

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Skoda July 2022 Indian Car Sales

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Tata Motors July 2022 Indian Car Sales

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Toyota July 2022 Indian Car Sales

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Volkswagen July 2022 Indian Car Sales

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Thread Starter #2

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FADA Vehicle Registration Data: July 2022

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Press Release:
The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for July’22.

July’22 Retails

Commenting on how July’22 performed, FADA President, Mr. Vinkesh Gulati said, “Continuing with our quest of a deeper insight in Auto Retail figures, FADA for the first time has released 3W sub-segment retail figures.

After breakup of the CV segment, the 3W sub-segmentation will help all the stake holders understand the 3W market in much detail. Auto Retail for the month of July’22 fell by -8%. July is generally considered as a lean month before festival season hits in August.

When compared with July’19, a pre-covid month, total vehicle retails fell by -20%. PV and Trac continued to outperform by growing 19% and 7%. All the other categories were in red with 2W, 3W and CV falling by -28%, -15% and -4% respectively.

The 2W retail run witnessed poor demand as Rural India continues to underperform. This coupled with high inflation, erratic monsoon and high cost of ownership continues to keep bottom of the pyramid customers at bay. The 3W space continued to see demand recovery even though full recovery to pre-covid levels is still some time away. Digging deeper, it is clearly evident that e-rickshaws is the biggest mover in the segment. Demand recovery in 3W passenger category also shows that covid is now behind us as passenger movement has once again started gaining traction.

CV retail figures continue to witness good demand as Government’s infrastructure push is helping customers in concluding their purchase. Apart from this, the Bus segment also witnessed beginning of demand recovery as educational institutions and offices are once again back to normal mode. The PV segment is witnessing a dream run as retail sales are already higher than 2019. Even though there is a blip in July numbers, the industry is continuously introducing new models especially in Compact SUV segment. Along with this, a better supply in coming months will help in bringing down customer anxiety due to large waiting period. We also urge all PV OEMs to recalibrate their supplies as per the market demand and avoid pushing low moving stocks.”

Near Term Outlook

July saw erratic monsoon where some states got less rainfall while others got more than required. The unfavourable weather resulted in decreased Kharif sowing as area under paddy dipped by 13% at the end of July. Tractor sales which were showing good growth till a month ago hence saw a big dip in July.

After Russia- Ukraine war, the world is once again facing the threat of Taiwan- China war. Due to this, the threat of semi-conductor shortage is once again looming as chip-maker TSMC raises red flag that if war hits, Taiwanese chip manufacturers would be rendered ‘non- operable’. India’s services sector PMI (purchasing manager’s index) fell to 4-month low in July to 55.5 showing that growth momentum lost steam as result of weaker sales growth and inflationary pressure in previous month.

Overall, FADA remains cautiously optimistic due to the above factors as it enters the festival season.

Key Findings from our Online Members Survey

• Inventory at the end of July’22

o Average inventory for Passenger Vehicles ranges from 20 – 25 days

o Average inventory for Two – Wheelers ranges from 20 – 23 days

• Liquidity

o Neutral 49.4%

o Good 32.1%

o Bad 18.5%

• Sentiment

o Neutral 47.5%

o Good 35.8%

o Bad 16.7%

• Expectation from August

o Growth 61.7%

o Flat 27.8%

o De-growth 10.5%

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Thread Starter #3

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SIAM Sales Summary Report: July 2022

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Press Release:
Monthly Performance: July 2022

Production: The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers and Quadricycle in the month of July 2022 was 2,197,954 units.

Domestic Sales:

Passenger Vehicles* sales were 293,865 units in July 2022.

Three-wheeler sales were 31,324 units in July 2022.

Two-wheeler sales were 1,381,303 units in July 2022.

Performance: April - July 2022

Production: Total production of Passenger Vehicles**, Three Wheelers, Two Wheelers and Quadricycle in April-July 2022 was 8,267,268 units.

Domestic Sales:

Passenger Vehicles** sales were 1,204,296 units in April-July 2022

Three-wheeler sales were 107,617 units in April-July 2022

Two-wheeler sales were 5,105,836 units in April-July 2022

Commenting on the July 2022 sales data, Mr Rajesh Menon, Director General, SIAM said “In July 2022, sales in the Passenger vehicle segment stood at ~2.9 lakh units, in Two-wheeler segment ~13.8 lakh units and in Three-wheeler segment ~31 thousand units. Market for entry level Passenger Cars, Two-Wheelers and Three-Wheelers are yet to recover. Sales of Two- Wheelers in July 2022 are still below July 2016 numbers and Sales of Three-Wheelers are still below July 2006 numbers. Third hike in a repo-rates in a row, to rein in high inflation, will make Auto loans costlier, making it more difficult for entry level vehicles to recover. SIAM would also like to whole-heartedly thank the Government of India for the recent decision to allocate higher amount of domestic gas for the CNG segment. This would significantly bring down the input cost of gas companies. We hope, that in line with the Government’s intent, the gas companies would pass on the entire benefit to the end consumers by reducing retail CNG prices.”
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