numbers of October’19.
Overall, FADA continues to remain optimistic for the month of October due to the ongoing festive season.
Key Findings from our Online Members Survey
Inventory at the end of September’22
Average inventory for Passenger Vehicles ranges from 40-45 days
Average inventory for Two – Wheelers ranges from 45-50 days
Liquidity
Good 51.2%
Neutral 36.2%
Bad 12.6%
Sentiment
Good 56.7%
Neutral 34.6%
Bad 08.7%
Expectation from October
Growth 70.1%
Flat 21.3%
De-growth 08.7%
Chart showing Vehicle Retail Data
All India Vehicle Retail Data for September’22
CATEGORY
SEP’22
SEP’21
YoY %
SEP’20
% Change w.r.t SEP’20
SEP’19
% Change w.r.t SEP’19
2W
10,15,702
9,31,654
9.02%
10,56,997
-3.91%
11,81,668
-14.05%
3W
63,915
37,172
71.94%
24,766
158.08%
60,565
5.53%
E-RICKSHAW(P)
32,153
14,227
126.00%
6,884
367.07%
13,622
136.04%
E-RICKSHAW WITH CART (G)
1,720
1,190
44.54%
630
173.02%
367
368.66%
THREE WHEELER (GOODS)
6,033
6,415
-5.95%
5,395
11.83%
7,279
-17.12%
THREE WHEELER (PASSENGER)
23,960
15,282
56.79%
11,796
103.12%
39,195
-38.87%
THREE WHEELER (PERSONAL)
49
58
-15.52%
61
-19.67%
102
-51.96%
PV
2,60,556
2,37,502
9.71%
2,03,300
28.16%
1,80,347
44.47%
TRAC
52,595
53,392
-1.49%
70,140
-25.01%
38,374
37.06%
CV
71,233
59,927
18.87%
41,084
73.38%
60,939
16.89%
LCV
43,076
37,536
14.76%
31,246
37.86%
38,377
12.24%
MCV
4,847
4,549
6.55%
2,396
102.30%
4,163
16.43%
HCV
21,318
15,271
39.60%
5,487
288.52%
17,316
23.11%
Others
1,992
2,571
-22.52%
1,955
1.89%
1,083
83.93%
Total
14,64,001
13,19,647
10.94%
13,96,287
4.85%
15,21,893
-3.80%
Source: FADA Research
Disclaimer:
The above numbers do not have figures from MP, LD & TS. Even though MP is now on Vahan, due to unavailability of previous year’s figure, we have not taken them in our comparison for September’22.
Vehicle Retail Data has been collated as on 02.10.22 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,339 out of 1,411 RTOs.
CV is subdivided in the following manner
LCV – Light Commercial Vehicle (incl. Passenger & Goods Vehicle)
MCV – Medium Commercial Vehicle (incl. Passenger & Goods Vehicle)
HCV – Heavy Commercial Vehicle (incl. Passenger & Goods Vehicle)
Others – Construction Equipment Vehicles and others
3W is sub-divided in the following manner
E-Rickshaw – Passenger
E-Rickshaw – Goods
3-Wheeler – Goods
3-Wheeler – Passenger
3-Wheeler – Personal
September’22 Category-wise market share can be found in Annexure 1, Page No. 05
