The Federation of Automobile Dealers Associations (FADA) has published April 2021 new vehicle registration data, which shows a decline of nearly 32% compared to April 2019 data. The YoY comparison is not available as the entire country was under complete lockdown in April 2020. The Passenger Vehicles (PV) segment, in particular, saw a decline of just over 11.5% last month compared to April 2019 data.
If you go for the MoM comparison, the PV segment registered a decline of over 25%. The two-wheeler segment too registered a MoM decline of nearly 28%. FADA President Vinkesh Gulati had the following to say –
India is currently facing one of its toughest times with 2nd wave of covid creating havoc in everyone’s life. This time, the spread is not only limited to urban markets but has also taken rural India in its grasp. Auto registrations for the month of April witnessed a double-digit fall to the tune of -28% MoM, as most of the Indian states started going under lockdown (partial as well as full) beginning April 5th onwards. The spread started with Maharashtra followed by Chhattisgarh, Delhi, Rajasthan and other Indian states following the suit. Not surprisingly, all categories hence closed the month in red with 2W down by -28%, 3W by -43%, PV by -25%, Tractors by -45% and CV by -24% respectively on a MoM basis. Unlike last year, the lockdown this time around has been imposed by State Governments and not the Central. Due to this, there have been no relief announcements which has come out till now either by the Center or RBI and Auto OEMs.
FADA humbly requests Auto OEMs (our Principals) to handhold their dealers the way they did last year during the 1st phase of the pandemic as the situation is very grim in most of the states and Dealer Principals, as well as their teams, are fighting for their survival from COVID. FADA also requests OEMs to not burden dealers with high billings in the states where lockdown has been announced.
Mr. Gulati also requested the Government to come out with a financial package.
OEM-wise market share data for April 2021 with MoM comparison:
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