The Federation of Automobile Dealers Associations (FADA) has published December 2021 vehicle retail data, which shows an overall decline of 2.70% compared with December 2020 data. The Passenger Vehicle segment, in particular, saw a YoY decline of nearly 11%. And, Mahindra & Mahindra is maintaining its 4th place in the PV segment by selling over 5,700 units more than Kia.
After showing signs of recovery in November 2021, the two-wheeler segment went downhill again last month with a YoY decline of nearly 20%. The three-wheeler segment continues to show strong, double-digit growth this year. The CV segment also continues to show healthy double-digit growth. FADA President Vinkesh Gulati had the following to say –
The month of December is usually seen as a high sales month where OEMs continue to offer best discounts to clear the inventory due to the change of the year. It was however not the case this time around as retail sales continued to disappoint thus wrapping up an underperforming calendar year. With semiconductor shortage continuing to play spoil-sport, PV sales in spite of huge bookings, in December closed in red. Dealers however saw slight ease in vehicle supply thus giving some hope of improvement.
The two-wheeler segment however was on a different trajectory when compared with PV. High cost of ownership, bad rural sentiment, work from home and the latest threat of omicron continued to impact sales. CV segment continues to rise with M&HCV outshining LCVs. The government’s push for infrastructure spending especially road infrastructure, better freight rates, price hike announcement in Jan and a low base helped the overall segment close in positive double digits.
OEM-wise market share data for December 2021 with YoY comparison:
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