May 2021 Indian Car Sales

[350Z]

May 2021 Indian Car Sales

Top Ten Hot Selling Cars in May 2021



Manufacturers' Market Share in May 2021



Datsun May 2021 Indian Car Sales



Ford May 2021 Indian Car Sales



Honda May 2021 Indian Car Sales



Hyundai May 2021 Indian Car Sales



Jeep May 2021 Indian Car Sales



Kia May 2021 Indian Car Sales



Mahindra May 2021 Indian Car Sales



Maruti Suzuki May 2021 Indian Car Sales



Morris Garages May 2021 Indian Car Sales



Nissan May 2021 Indian Car Sales



Renault May 2021 Indian Car Sales



Skoda May 2021 Indian Car Sales



Tata Motors May 2021 Indian Car Sales



Toyota May 2021 Indian Car Sales



Volkswagen May 2021 Indian Car Sales

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[350Z]

FADA Vehicle Registration Data: May 2021











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Press Release:

May’21 Retails

Unlike other months, we can’t represent a YoY comparison since India was under complete lockdown in May 2020. Hence, all comparisons for this month have been done with April’21 (MoM) and 2 year back with May’19.

Commenting on how May’21 performed, FADA President, Mr. Vinkesh Gulati said, “The 2nd wave of covid has left the entire country devastated as there may not be a single household which did not get affected. Apart from urban markets, this time, even rural areas were badly hit. May saw continued lockdown in most of the states. Not surprisingly, Auto Retail for the month witnessed bloodbath as sales fell by -55% on MoM basis.

Similarly, all categories of vehicles fell by a huge degree with 2W falling by -53%, 3W by -76%, PV by -59%, Tractors by -57% and CV by -66% respectively. Auto Retail fraternity is in dire need of support. While a handful of OEMs (Tata Motors – CV, Renault, Bharat Benz and HMSI) have announced financial help to their channel partners, others are yet to do so. Hence, FADA humbly requests all those OEMs which have still not announced any financial assistance to kindly do it urgently.

FADA also appeals to the Hon’ble Prime Minister that instead of restructuring, banks should allow a moratorium of 90 days to all categories of dealers without keeping a turnover limit. This is required as Auto Retail Trade works on the principle where dealers get funded from Financial Institutes in terms of inventory funding for a period of 30-45 days (depending from bank to bank) to purchase vehicles from Auto OEMs.

Since the current lockdown has already lasted well over 30-45 days and is still continuing in South India, revenue for most of the Dealers are negligible as there was minimal sales. Due to this, dealers will not be able to repay their loan tranche payment which is getting due. This will ultimately lead towards default. Since there are no guidelines, extension of tranche is considered as restructuring of loan. This will ultimately have a negative impact on Dealers credit score as their CIBIL rating will get impacted.

Near Term Outlook

The 1st 9 days of June has seen better than expected retails due to pent up demand which was there in the system when states started implementing lockdown. If the trend continues, we may see almost similar sales when compared to June’20 last year. The monsoons arrived in India almost on time. If Met predictions are to be believed, normal and evenly spread rains may bring an early respite for the rural economy thus pushing demand for vehicles faster than expected. It may be prudent to say that India may not witness a V – shaped recovery unlike last time. FADA hence continues to remain guarded in its optimism on overall industry recovery for the fiscal FY21-22.

• Inventory at the end of May’21
o Average inventory for Passenger Vehicles ranges from 20-25 days
o Average inventory for Two – Wheelers ranges from 25-30 days

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SIAM Sales Summary Report: May 2021



































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Press Release:

Monthly Performance: May 2021

Production:

The total production of Passenger Vehicles, Three Wheelers, Two Wheelers and Quadricycle in the month of May 2021 was 806,755 units.

Domestic Sales:

• Passenger Vehicles* sales was 88,045 units in May 2021.
• Three-wheeler sales was 1,251 units in May 2021.
• Two-wheeler sales was 352,717 units in May 2021.

Commenting on the May 2021 data, Mr Rajesh Menon, Director General, SIAM said “Indian Automobile Industry stands committed to support the Government in its battle against Covid-19 pandemic through various initiatives to augment availability of oxygen, support health care infrastructure and local communities. OEMs have also taken up large scale vaccination of their employees, family members and dealer partners.

Most part of May was under lockdown in many states thus impacting overall sales and production. Many members had shut down their manufacturing plants to divert oxygen from industrial use for medical purposes.
Since, both May 2020 and May 2021 were abnormal months because of the Covid-19 situation and lockdowns, comparison of these two months holds no meaning. However, a comparison of May 2021 sales with May 2019, which was a normal year, presents a realistic picture. So, as compared to May 2019, sales in the month of May 2021, for Passenger vehicles stood at 88,045 units (- 61.2%), for Two-wheelers at 3,52,717 units (- 79.6%) and for Three-Wheelers at just 1,251 units (- 97.6%).”

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[Rathish]

Great work! Marking internally.
Thank you!
Regards,
RRM