19/04/2021

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PV March retail sales climb 28% on low base, BS-VI switchover, Auto News, ET Auto

FADA maintains extraordinary warning for the month of April as Covid rises to newer highs. Nonetheless, it expects gross sales momentum to continue on in April on the back of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.

New Delhi: Car dealers’ human body FADA on Thursday said passenger auto (PV) retail gross sales in March 2021 witnessed an increase of 28.39% to 279,745 units on account of minimal foundation and BS-VI transition of final year.

In accordance to the Federation of Car Sellers Associations (FADA), which gathered auto registration details from 1,277 out of the 1,482 regional transport offices (RTO), PV gross sales have been at 217,879 units in March 2020.

Two-wheeler gross sales in March 2021 declined by35.26% to 1,195,445 units final month, in comparison to 1,846,613 units in the same month year ago.

“This progress can be connected with numerous factors like minimal foundation of final year, transition from BS-IV to BS-VI and India going below full lockdown,” FADA President Vinkesh Gulati said.

He also elevated concerns in excess of the ongoing chip disaster that is impacting the automobile field around the globe. “International lack of wafers, which is an input for semiconductor, ongoing to linger all-around and retained the PV waiting around period of time as large as seven months,” Gulati said.

In accordance to the FADA Survey, 47% of PV sellers said that they dropped extra than 20% gross sales owing to source aspect constraints.

Commercial auto gross sales also slipped by forty two.20% to 67,372 units final month as in comparison to 116,559 units in March 2020 owing to Higher BS-VI price ranges, minimal finance availability, repayment tension owing to the stop of the moratorium period of time, the field human body said.

In the same way, a few-wheeler gross sales fell by fifty.seventy two% to 38,034 units final month, from 77,173 units in March 2020. Tractor gross sales, having said that, grew by 29.21% to sixty nine,082 units final month, towards fifty three,463 units in the same month of 2020.

Complete gross sales across categories declined by 28.64% to 1,649,678 units final month in comparison to 2,311,687 units in March 2020.

OUTLOOK

FADA maintains extraordinary warning for the month of April as COVID-19 circumstances are on the increase. Nonetheless, it expects gross sales momentum to continue on in April on the back of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.”This coupled with marriage time is usually a large gross sales period of time. At this juncture, the 2nd wave of COVID-19 is spreading speedier. It could destabilise the progress which India has been in a position to achieve in the final handful of months,” FADA said.

The field human body further pointed out that any lockdown at this issue will seriously hamper the momentum which is receiving crafted for the automobile field to come out of the woods.

“Improve of COVID-19 and fear among the individuals with final year’s sight in thoughts has began retaining them absent from earning large ticket purchases. The outcomes of the same can be noticed in the two-wheeler category the place inquiry amounts are minimal. This coupled with semiconductor lack will continue on to hamper not only passenger motor vehicles but also two-wheelers as Abs lack is at present ringing alarm bells,” FADA additional.

Considering the fact that Maharashtra contributes ten%-eleven% of the automobile retail, the present lockdown will have a catastrophic influence on in general gross sales for April, the field human body highlighted.

All India Car or truck Registration Facts for March’21

Class MAR’21 MAR’20 YoY%
2W eleven,ninety five,445 eighteen,46,613 -35.26%
3W 38,034 77,173 -fifty.seventy two%
PV 2,79,745 2,17,879 28.39%
TRACTOR sixty nine,082 fifty three,463 29.21%
CV 67,372 1,sixteen,559 -forty two.20%
Complete sixteen,49,678 23,eleven,687 -28.64%

Resource: FADA Analysis