The Federation of Automobile Dealers Associations (FADA) has published June 2021 vehicle retail data, which shows a total growth of nearly 23% compared to June 2020 data. The Passenger Vehicles segment, in particular, registered a growth of nearly 43.5% last month compared to June 2020.
The Commercial Vehicles segment seems to have done a great job with over 236% growth in June 2021 compared to the same period last year. FADA President Vinkesh Gulati had the following to say –
The month of June witnessed re-opening of most of the states except the ones in South. Due to this, the industry witnessed a high pent-up demand which was stuck in the system because of statewide lockdowns. While all the categories were in green, Passenger Vehicles maintains a good demand as customers continued to show keenness in vehicles for observing social distancing and safety of their families. Two Wheeler category though in green has witnessed a softer recovery as the rural market is taking time to get back from post-Covid stress. The commercial vehicle segment has seen a staggering growth over last year, though on a very low base as there were product shortages due to BS6 transition.
Overall, the industry is still not out of the woods. When compared to June 2019, we are still in red by -28% with 3W and CVs taking the max hit as they are down by -70% and -45% respectively. Only Tractors continue to grow as it was up 27% compared to June 2019.
OEM-wise market share data for June 2021 with YoY comparison:
Recommended for you
Leave a Reply
Note: Comments that are unrelated to the post above get automatically filtered into the trash bin.
