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<keyword id="21999883" type="General" weightage="20" keywordseo="Passenger-vehicle-retail-sales" source="keywords">Passenger vehicle retail sales</keyword> in India witnessed a 5 per cent on-year decline in August on account of delayed customer purchases, poor consumer sentiment and persistent heavy rains, industry body <keyword id="20108734" type="General" weightage="20" keywordseo="FADA" source="keywords">FADA</keyword> said on Thursday. The overall <keyword id="762866" type="General" weightage="100" keywordseo="Passenger-vehicle" source="Orion">passenger vehicle</keyword> (PV) registrations last month stood at 3,09,053 units, as compared to 3,23,720 units in August 2023. "Even with the arrival of the <keyword id="19894908" type="General" weightage="20" keywordseo="Festive-season" source="keywords">festive season</keyword>, the market remains under significant strain... Inventory levels have reached alarming levels, with stock days now stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at an alarming Rs 77,800 crore," Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in a statement. Rather than responding to the situation, PV Original Equipment Manufacturers (OEMs) continue to increase dispatches to dealers on a month-on-month basis, further exacerbating the issue, he added. "FADA urgently calls upon all banks and NBFCs to intervene and immediately control funding to dealers with excessive inventory," Singhania said, adding that dealers must also act swiftly to stop taking on additional stock to protect their financial health. The OEMs, too, must recalibrate their supply strategies without delay, or the industry faces a potential crisis from this inventory overload, he said. "If this aggressive push of excess stock continues unchecked, the <keyword id="23047448" type="General" weightage="20" keywordseo="auto-retail-ecosystem" source="keywords">auto retail ecosystem</keyword> could face severe disruption," Singhania said. Commercial vehicle registrations saw a 6 per cent year-on-year dip in August, while tractor retail sales also witnessed a drop of 11 per cent as compared to the year-ago period. Two-wheeler sales, however, increased 6 per cent year-on-year to 13,38,237 units in August, as compared to 12,59,140 units in the same month last year, on the back of improved stock availability and the onset of the festive season, Singhania said. Three-wheeler retail sales also increased by 2 per cent to 1,05,478 units last month, as compared to 1,03,782 units in the year-ago period. Overall registrations last month saw an increase of 3 per cent year-on-year at 18,91,499 units, as against 18,38,501 units in August last year. On business outlook in the near term, FADA said it remains cautiously optimistic. While the festive season and improved rural demand present promising opportunities for growth, ongoing weather uncertainties and high inventory levels may temper the overall recovery, it stated. To navigate these challenges, strategic inventory management and targeted marketing initiatives will be crucial in maximising festive sales and mitigating risks from adverse weather conditions, it added.

Passenger vehicle retail sales dip 5% in August 2024; FADA raises alarm over rising inventory level

<ul><li>Two-wheelers, three-wheelers, passenger vehicles, tractors and commercial vehicles sales grew 7 %, 75 %, 5 %, 41 %, and 0.5 % in June 2023. </li><li>Two-wheeler market anticipates continued economic pressures and supply challenges, <keyword id="354719" type="General" weightage="20" keywordseo="fada" source="Orion">FADA</keyword> said. </li><li>The PV segment faces inventory pressures and demand-supply mismatches, but the upcoming festive season beginning end-August offers a hopeful outlook, FADA said. </li><li>Delayed and uneven rains may affect the sales of automobiles in rural areas, FADA said, adding it remains cautiously optimistic for the near term. </li></ul> <keyword id="17917534" type="General" weightage="20" keywordseo="automobile-retail-sales-in-june" source="Orion">Automobile retail sales in June</keyword> registered 10 % year-on-year growth, with positive performances seen across all vehicle categories. Data showed two-wheelers, three-wheelers, passenger vehicles, tractors and commercial vehicles sales grew 7 %, 75 %, 5 %, 41 %, and 0.5 %. The Federation of Automobile Dealers Associations (FADA) today released retail sales data for June 2023. "Two-wheeler market anticipates continued economic pressures and supply challenges, while the reduction in FAME subsidies casts a shadow over EV sales," FADA said. The passenger vehicle segment faces inventory pressures and demand-supply mismatches, impacting profitability, but the anticipation of a boost from the upcoming festive season beginning end-August offers a hopeful outlook, FADA said. Erratic monsoons in India raise concerns about yield and potentially impacting automobile sales, especially in rural areas, but the anticipation of evenly spread rains going forward may revive rural demand and thus positively influence retails. "Despite a 10 % YoY growth, the Auto Retail sector has seen an 8 % MoM dip, indicating a short-term deceleration in sales," FADA president Manish Raj Singhania. "In comparison to pre-Covid levels, the overall auto retail marked a marginal decrease of 3 %, with 2W as the sole laggard. Conversely, the CV segment experienced a 1.5 % growth compared to June'19, surpassing the pre-Covid levels for the first time," Singhania said. Further, FADA said June 2023 witnessed the three-wheeler market's robust growth, primarily owing to the previous year's low base effect and positive market sentiment. "The delayed and uneven rains may reduce crop yields, shorten crop cycles and cause a delay in future crop arrivals. Such developments may affect the sales of automobiles, particularly in rural areas where a weak agricultural season could lead to a reduction in disposable income, thus affecting demand for two-wheelers and entry-level cars." However, upcoming rains may potentially boost agricultural prospects, revive rural demand, and positively influence automotive sales. FADA said it remains cautiously optimistic for the near term. (ANI)

Growth across vehicle segments powers 10% rise in India's June auto retail sales, cautiously optimistic for the near term: FADA

<keyword id="20163833" type="General" weightage="20" keywordseo="passenger-vehicle" source="keywords">Passenger vehicle</keyword> <keyword id="19957111" type="General" weightage="20" keywordseo="retail-sales" source="keywords">retail sales</keyword> in India witnessed a 7 per cent on-year decline in June as severe <keyword id="19933152" type="General" weightage="20" keywordseo="heatwave" source="keywords">heatwave</keyword> conditions resulted in 15 per cent less showroom walk-ins, industry body <keyword id="20108734" type="General" weightage="20" keywordseo="FADA" source="keywords">FADA</keyword> said on Friday. Overall passenger vehicle registrations stood at 2,81,566 units last month, as compared to 3,02,000 units in June 2023. "Despite improved product availability and substantial discounts aimed at stimulating demand, market sentiment remains subdued due to extreme heat resulting in 15 per cent less walk-ins and delayed monsoons," the Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in a statement. Dealer feedback highlights challenges such as low customer inquiries and postponed purchase decisions, he added. Singhania also highlighted that inventory levels of passenger vehicles have reached an all-time high, ranging from 62 to 67 days. With the festive season still some time away, it is crucial for passenger vehicle Original Equipment Manufacturers (OEMs) to exercise caution, he stated. Effective inventory management strategies are essential to mitigate financial strain from high interest costs, Singhania stated. "FADA strongly urges passenger vehicle OEMs to implement prudent inventory control and engage proactively with the market," he added. Two-wheeler registrations rose 5 per cent year-on-year to 13,75,889 units in June. Factors such as extreme heat resulted in 13 per cent less walk-ins by probable customers in showrooms, Singhania said. Stalled monsoon and election-related market slowdowns particularly affected rural sales, which fell from 59.8 per cent in May to 58.6 per cent in June, he added. Commercial vehicle sales dropped 5 per cent to 72,747 units last month, from 76,364 units in June 2023. "The industry continues to face de-growth, impacted by high temperatures affecting the agricultural sector and infrastructural project slowdowns," Singhania stated. Tractor sales last month declined 28 per cent year-on-year to 71,029 units in June. While three-wheeler registrations rose 5 per cent to 94,321 units in June, as compared to 89,743 units in the year-ago month. Overall retail sales rose marginally year-on-year to 18,95,552 units in June. On the business outlook, FADA stated that for two-wheelers, the arrival of the monsoon is expected to provide a boost, although challenges such as agricultural cash flow constraints and regional market variations remain. In the passenger vehicle segment, high inventory levels and ongoing low market sentiment necessitate cautious management, the industry body said. Meanwhile, the commercial vehicle sector looks forward to potential growth driven by renewed infrastructure projects and seasonal demands, despite current slowdowns, it said. "Based on current market conditions, the overall rating for July auto retail performance is cautiously optimistic with a moderate outlook," FADA, which represents over 30,000 dealership outlets, stated. It stated that vehicle registration data for the month was collated from 1,567 out of 1,700 RTOs across the country. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank">Upcoming smartphones launching in India in July 2024</a><a href="https://www.businessinsider.in/tech/news/hp-envy-x360-14-review/articleshow/111407165.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/hp-envy-x360-14-review/articleshow/111407165.cms" target="_blank">HP Envy x360 14 review – feature-packed laptop with a sleek design</a><a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-razr-50-ultra-flip-phone-launched-in-india-for-99999/slidelist/111504950.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-razr-50-ultra-flip-phone-launched-in-india-for-99999/slidelist/111504950.cms" target="_blank">Motorola Razr 50 Ultra flip phone launched in India for ₹99,999</a>

Passenger vehicle retail sales dip 7% in June as heatwave curtails showroom visits

New Delhi, Mar 12 () Automobile dealers' body FADA on Thursday said retail sales of passenger vehicles, measured by registration, declined 1.17 per cent to 2,26,271 units in February. Passenger vehicle retail sales in February last year stood at 2,28,959 units, the Federation of Automobile Dealers Associations (FADA) said in a statement. Two-wheeler retail sales stood at 12,85,398 units last month as against 12,66,163 units in February 2019, a growth of 1.52 per cent, it added. Commercial vehicle retail sales also grew by 13 per cent to 92,805 units last month as compared with 82,129 units in the year-ago period. FADA said three-wheeler sales were up 20.7 per cent at 65,752 units as compared with 54,474 units in February 2019. Tractor retail sales stood at 41,485 units as compared with 36,543 units in February last year, a growth of 13.52 per cent. Retail sales of total vehicles across categories stood at 17,11,711 units in February 2020 as compared with 16,68,268 units in the same month a year ago, it said. Commenting on vehicle retail sales, FADA President Ashish Harsharaj Kale said February turned positive for most of the segments as the entire auto ecosystem, especially auto dealers, focused on liquidation of their BS-IV Stocks. "Rural sales contributed for retail sales turning green with tractors also being in double digit growth for second month in a row," he added. Despite the growth, the overall retail sales were much below expectations as the expected pre-buying for the BS-IV stock was not seen, he said. "Many customers held onto their purchase decision expecting sweeter deals towards the end of March," he added. Commenting on inventory levels, Kale said it remains a very serious concern for BS-IV two-wheelers, and asked manufacturers to handhold dealers for 100 per cent liquidation of stocks before March 31 deadline. "FADA survey reveals a very high number of two-wheeler dealers will not be able to fully liquidate their BS-IV inventory and expressed inadequate support from their OEMs (original equipment manufacturers) for 100 per cent liquidation of this stock," Kale said. With regards to passenger vehicles and commercial vehicles, he said overall inventory is at a reasonable level, but the challenge remains in slow moving, non-popular models as dealers look for adequate OEM support for liquidation of the same in March. "FADA has already advocated for return of unsold BS-IV stocks and will be pursuing this for its members, if the need arises, as many dealers will be unable to sustain such losses," Kale said. On the outlook for March, he said with banks and NBFCs getting into a cautious mode with regards to financing BS-IV stocks and many RTOs (Regional Transport Offices) across the country prescribing their own cut-off dates for permanent registration, liquidation of BS-IV inventory continues to be a challenge. "Dealers are now facing a new challenge with coronavirus cases being detected in India and alarming drop in customer walk-ins in auto showrooms," he said. RKL RVK

Passenger vehicle retail sales down 1.17 pc in February: FADA

India's automobile <keyword id="87998" type="PERSON" weightage="20" keywordseo="Retail-sales">retail sales</keyword> rose in September on a sequential basis, industry data showed on Thursday. However, sales remained in the red on a year-on-year basis. <keyword id="9396466" type="COMPANY" weightage="20" keywordseo="the-federation-of-automobile-dealers-associations">The Federation of Automobile Dealers Associations</keyword> data showed that <keyword id="6785608" type="UNKNOWN" weightage="20" keywordseo="vehicle-registration">vehicle registration</keyword> in September rose to 13,44,866 units from 11,88,087 units sold in August and a retail off-take of 11,42,633 units in July. Nevertheless, on a YoY basis, September retail sales declined by 10.24 per cent to 13,44,866 units from 14,98,283 units off-take during the like month of last year. Commenting on September'20 performance, <keyword id="354719" type="COMPANY" weightage="20" keywordseo="FADA">FADA</keyword> President Vinkesh Gulati in a statement said: "With the government's persistent effort to unlock India, the month of September continued to witness automobile registrations on a rise as compared to previous months. "Passenger Vehicles for the first time saw positive growth coming back on YoY basis. With social distancing on customer's mind coupled with the government's push to further normalise business conditions and banks becoming more considerate to finance vehicles, entry level passenger vehicles saw good demand thus indicating a preference for personal transportation over public." He cited new launches and vehicle availability played their part as catalyst. "A lower base during last FY also helped the cause." On a yearly comparison, passenger vehicles retail sales grew by 9.81 per cent to 1,95,665 units from 1,78,189 units off-take during the like month of last year. In contrast, two-wheeler sales de-grew by (-) 12.62 per cent to 10,16,977 units from 11,63,918 units sold during September 2019. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/infosys-to-acquire-us-based-data-analytics-company-for-125-million-deal-expected-to-close-in-third-quarter/articleshow/78551010.cms" data-type="tilCustomLink">Infosys to acquire US-based data analytics company for $125 million — deal expected to close in third quarter</a> <a href="https://www.businessinsider.in/india/news/here-are-the-guidelines-issued-by-the-dgca-for-the-refund-of-airline-tickets-booked-during-the-lockdown-period/articleshow/78547292.cms" data-type="tilCustomLink">Here are the guidelines for refund of airline tickets booked during the lockdown period issued by the DGCA</a>

Indian automobile retail sales rise in September, Passenger Vehicles segment back in green

Retail sales of overall vehicles in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> grew by 15.28 per cent to 2,11,20,441 units in 2022 led by record sales of passenger vehicles and tractors, <keyword id="1692051" type="General" weightage="50" keywordseo="federation-of-automobile-dealers-associations" source="Orion">Federation of Automobile Dealers Associations</keyword> (<keyword id="354719" type="General" weightage="100" keywordseo="fada" source="Orion">FADA</keyword>) said on Thursday. In 2021, total retail sales of vehicles in India were at 1,83,21,760 units, FADA said in a statement. Two-wheelers retail sales stood at 1,53,88,062 units last year, a growth of 13.37 per cent from 2021 when sales stood at 1,35,73,682 units. Passenger vehicles (PV) retail sales were at 34,31,497 units in 2022, as against 29,49,182 units in 2021, up 16.35 per cent, it added. FADA President Manish Raj <keyword id="1114" type="General" weightage="80" keywordseo="singhania" source="Orion">Singhania</keyword> said, "For CY2022, while total vehicle retails grew by 15 per cent year-on-year and 17 per cent compared to CY20 it failed to surpass CY19 retails, (a pre-Covid year) and registered a fall of 10 per cent." He further said, "The PV category during this period continued to gain new grounds by clocking 34.31 lakh retails during the full year. This is by far, the highest retails which PV has done till date." Singhania, however, lamented that the two-wheeler segment once again failed to impress as retail sales during December 2022 continued to fall after two good months. "Reasons like rise in inflation, increased cost of ownership, rural market yet to pick up fully and increased EV sales, the ICE (internal combustion engine) two-wheeler segment is yet to see any green shoots," he added. In 2022, commercial vehicles retail sales stood at 8,65,344 units, as against 6,55,696 units in 2021, a growth of 31.97 per cent. "The CV segment has continued to grow during entire CY2022 and is now almost at par with CY2019 retails. With an uptick in demand in LCV (light commercial vehicles), HCV (heavy commercial vehicles), buses and construction equipment, the government's continued push for infrastructure development has kept this segment going," Singhania said. He also said the three-wheeler segment which was completely down during <keyword id="8764262" type="General" weightage="50" keywordseo="covid" source="Orion">Covid</keyword> has recovered well and has narrowed its gap when compared to CY2019. "Within the segment it's the electric rickshaw sub-segment which is showing triple-digit growth thus pushing the EV market share above 50 per cent mark," he added. Three-wheeler retail in 2022 stood at 6,40,559 units, as compared to 3,73,562 units in 2021, up 71.47 per cent. Singhania said the tractor segment was the only other segment apart from PV which has grown well above calendar years 2021,2020 and pre-Covid year of 2019. "It has also registered a new lifetime high sales of 7.94 lakh units. This feat was possible due to consistently good monsoon, improved cash flow with farmers, better MSP of crops and government's focus on better procurements," he added. Tractor retail sales in 2021 were at 7,69,638 units. Apart from this, timely sowing of rabi crops also helped to continue this momentum. Festive season sales which were normal after 3 years also played its part in this strong momentum, Singhania said. In December 2022, FADA said the total vehicle retail sales were down 5.4 per cent at 16,22,317 units as against 17,14,942 units in the year-ago month. Two-wheelers retail sales stood at 11,33,138 units last month, as against 12,75,894 units in December 2021, a decline of 11.19 per cent, FADA said. Passenger vehicle retail sales were at 2,80,016 units as compared to 2,58,921 units in December 2021, up 8.15 per cent, while commercial vehicles segment witnessed retail sales of 66,945 units as compared to 60,491 units in December 2021, a growth of 10.67 per cent. On the outlook, FADA said global geopolitical headwinds, tightening monetary policy and the lingering effect of the pandemic have combined to create a gloomy global outlook. "Auto OEMs have done routine price hikes in December and have announced the same at the beginning of this year. Apart from this, BS-VI phase II norms coming in, there will be further price hikes across all categories," it said, adding to counter this, Auto OEMs should announce special schemes so that retail sales momentum continues. Due to inflation pressure, upcoming change in vehicle norms resulting in price hikes, FADA said it remains cautious during the last quarter of FY23. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/hyderabadi-satya-nadella-insulted-by-his-own-software-as-it-calls-biryani-a-tiffin/articleshow/96756350.cms">Hyderabadi Satya Nadella 'insulted' by his own software as it calls Biryani a tiffin</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/twitterati-misses-ashneer-grover-snapping-in-shark-tank-india-s2/slidelist/96754759.cms">Doglapan, bilkul bakwas: Twitterati misses Ashneer Grover snapping in Shark Tank India S2</a>

Total vehicle retail sales jump 15 pc to 2.11 crore units in 2022: FADA

New Delhi, Jan 21 () Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in December 2019 declined 9 per cent to 2,15,716 units year-on-year, as even the best offers failed to lift weak consumer sentiments. 
According to the Federation of Automobile Dealers Associations (FADA), passenger vehicles (PV) sales stood at 2,36,586 units in December 2018.
Two-wheeler sales declined 16 per cent to 12,64,169 units last month as compared with 15,00,545 units in December 2018.
Commercial vehicle sales declined 21 per cent to 67,793 units as compared to 85,833 units in December 2018.
Three-wheeler sales, however, rose one per cent to 58,324 units last month.
Total sales across categories declined 15 per cent to 16,06,002 units in December 2019 as against 18,80,995 units in the year-ago month.
FADA President Ashish Harsharaj Kale said December sales de-growth was not on expected lines as the inquiry levels all through the month were quite robust. 
Consumer sentiment continues to be very weak as customers did not conclude on the purchase even after taking the efforts of inquiring and despite the best offers being available, he added.
 "The sharp decline in growth has denied the dealer community an opportunity to reduce its BS-IV inventory making the transition to BS-VI trickier," Kale said.
 With such weak consumer sentiment, FADA recommends a very cautious approach to its members with serious focus on BS-IV inventory liquidation, he added.
 "FADA will work towards seeking relief from the Honourable Supreme Court for the BS-IV inventory of its members as with such weak consumer demand the near term retail sales are unpredictable, making it extremely difficult for our members to continue the current business and also ensure a nil BS-IV inventory on March 31," Kale noted.
 The commercial vehicle and two-wheeler inventory still remains a concern, he added.
Besides, liquidity still remains a concern for the dealers' community as well as for the retail customer as banking industry continues to be in cautious mode, Kale said highlighting the challenges.
 "Equal importance needs to be given to availability of reasonably liberal credit, especially in a developing country like ours where the growth is driven by first time buyers or individuals and businesses looking to expand beyond their current capacity," he added. MSS RUJ
RUJ

Passenger vehicle retail sales dip 9 pc in December: FADA

New Delhi, Feb 20 () Automobile dealers' body FADA on Thursday said passenger vehicle (PV) retail sales in January declined 4.61 per cent to 2,90,879 units as compared to same month last year, hit by tepid response by end customers. According to Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,223 out of the 1,432 regional transport offices (RTOs), PV sales stood at 3,04,929 units in January 2019. Two-wheeler sales declined 8.82 per cent to 12,67,366 units last month as compared with 13,89,951 units in January 2019. Commercial vehicle sales declined 6.89 per cent to 82,187 units as compared to 88,271 units in January 2019. Three-wheeler sales, however, rose 9.17 per cent to 63,514 units last month as compared with 58,178 units in January 2019. Total sales across categories declined 7.17 per cent to 17,50,116 units last month as against 18,85,253 units in the year-ago month. "Auto sales continue to be in the negative territory in the month of January, except for three wheelers, with many consumers still not concluding on their decisions. Ongoing transition of BS-IV to BS-VI is also a factor in delayed purchase decision," FADA President Ashish Harsharaj Kale said in a statement. Overall weak economic sentiment continues and even the Budget 2020, although an inclusive budget with growth drivers for the mid to long term, did not have any direct measures nor any immediate growth enabling initiatives for the auto sector, he added. On sales outlook, Kale said with continued weak consumer sentiment and the overall economic situation as well as the upcoming transition to BS-VI regime, the near-term demand situation will continue to be dynamic. "We appeal to the government to continue announcing positive measure, specifically for the auto industry, as well as for the overall economy which will help us return to growth trajectory at the earliest," he added. MSS SHWSHW

Passenger vehicle retail sales fall 5 pc in January: FADA

Domestic <keyword id="21999883" type="General" weightage="20" keywordseo="passenger-vehicle-retail-sales" source="keywords">passenger vehicle retail sales</keyword> declined 1 per cent year-on-year in May, as blistering <keyword id="21177616" type="General" weightage="20" keywordseo="summer-heat" source="keywords">summer heat</keyword> and elections impacted demand, <keyword id="21580028" type="General" weightage="20" keywordseo="automobile-dealers" source="keywords">automobile dealers</keyword>' body <keyword id="20108734" type="General" weightage="20" keywordseo="FADA" source="keywords">FADA</keyword> said on Monday. Passenger vehicle registrations dipped to 3,03,358 units last month, as compared with 3,35,123 units in May 2023. "Dealers cited the impact of elections, extreme heat and market liquidity issues as major factors for the dip in sales last month," the Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said. Despite better supply, some pending bookings and discount schemes, the lack of new models, intense competition and poor marketing efforts by original equipment manufacturers (OEMs) also affected sales, he added. Additionally, the month saw increased customer postponements and low enquiries, Singhania stated. Due to the extreme heat, the number of walk-ins to showrooms dropped by around 18 per cent, he said. Two-wheeler sales rose 2 per cent to 15,34,856 units in May, as against 14,97,778 units in the same month last year. Singhania said positive rural demand on account of good rains in some regions and improved finance availability kept the counters ticking. Three-wheeler retails rose 20 per cent year-on-year to 98,265 units last month. While commercial vehicle sales witnessed an increase of 4 per cent at 83,059 units last month, as compared to 79,807 units in May 2023. "Despite growth due to a low base from last year and increased bus orders, the industry faced challenges due to wholesale pressures, government policy effects, and negative market sentiment," Singhania said. He noted that the near-term outlook for automobile retail is 'cautiously optimistic', influenced by a mix of positive and challenging factors across various segments. Government formation is expected to bring stability and improve market sentiment, Singhania said. Dealers are hopeful about better supplies and positive movement in key sectors like cement, coal and iron ore, he said. Above normal rains during monsoon, is expected to enhance rural demand and support economic activities, he added. "However, extreme weather, such as heatwaves and heavy rains, along with the reopening of schools in July, might delay purchase decisions," Singhania said. Challenges persist, including intense competition, lack of new model launches and poor marketing efforts by OEMs, he said. FADA, which represents over 15,000 automobile dealerships having over 30,000 dealership outlets, collated sales data from 1,360 out of 1,503 RTOs across the country. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/tata-altroz-racer-hatchback-launched-in-india-starting-at-9-49-lakh/articleshow/110798203.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/tata-altroz-racer-hatchback-launched-in-india-starting-at-9-49-lakh/articleshow/110798203.cms" target="_blank">Tata Altroz Racer hatchback launched in India starting at ₹9.49 lakh</a><a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank">Nvidia beats Apple, becomes second most valuable company: Top 10 companies by market cap</a><a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank">Indian smartwatch shipments remain flat in Q1 2024, annual shipments expected to end in a decline</a>

Passenger vehicle retail sales dip 1% in May as excessive heat, elections impact demand: FADA

New Delhi, Nov 19 () Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 per cent to 2,48,036 units against the same period last year, driven by festive demand during the month.
 According to Federation of Automobile Dealers Associations (FADA), passenger vehicles (PV) sales stood at 2,23,498 units in October 2018.
 Two-wheeler sales increased 5 per cent to 13,34,941 units last month as compared with 12,70,261 units in the year-ago period.
 Commercial vehicle sales, however, declined 23 per cent to 67,060 units as compared to 87,618 units in October last year.
 Three-wheeler sales saw an increase of 4 per cent to 59,573 units last month.
 Total sales across categories rose 4 per cent to 17,09,610 units in October, as against 16,38,832 units in the same month last year.
 "October retails were in the positive, giving a much-needed respite to the auto industry - especially to our dealer community - after months of de-growth," FADA President Ashish Harsharaj Kale said.
 The festival season saw very good footfalls at dealerships across most of the geographies, the consumer sentiment was positive, and purchase decisions were concluded as used to be during the growth years, he added.
 Kale said two-wheeler inventory has reduced from an alarming level while PV inventory is also at reasonable levels.
 "CV inventory has also reduced, although with retail continuing to be weak further wholesale regulation is required to reach FADA's 21 days recommended levels," he added.
 With the auto industry heading into the unknown territory of BSVI transition, more needs to be done towards inventory reduction to avoid dealer losses, Kale noted. MSS ANS
ANS

Passenger vehicle retail sales jump 11 pc in Oct on festive demand: FADA

New Delhi, Jan 1 () Tata Motors on Wednesday reported a 12 per cent decline in total vehicle sales in domestic market to 44,254 units in December.
 The company had sold 50,440 units in the same month in 2018, Tata Motors said in a statement.
 Total passenger vehicle sales last month stood at 12,785 units as against 14,260 units in the same month previous year, down 10 per cent, it added.
 Tata Motors President (Passenger Vehicles Business Unit) Mayank Pareek said, "Our focus in December has been to drive retail and minimise the network stock in order to facilitate a smooth transition to BS-VI."
 He further said, "Having almost completed our planned production and despatches of BS-IV, we will start moving to BS-VI production and despatches from January and step up our volumes in the coming months."
 Tata Motors said its commercial vehicle sales in December 2019 stood at 34,082 units as against 40,015 units in the year-ago month, down 15 per cent.
 Tata Motors President (Commercial Vehicles Business Unit) Girish Wagh said retail was higher than wholesales at 13 per cent in December with further stock reduction, as the company moves closer to BS-VI transition.
 "Enquiries continued to increase gradually, with fleet owners realising the economic benefits of replacement of their older vehicles now. Increasing enquiries and lower stocks augur well for future volumes and realisation, early indication of which can be seen in December," he added. RKL HRS

Tata Motors domestic sales fall 12 pc to 44,254 units in December

New Delhi, Dec 10 () Domestic passenger vehicle sales slipped into negative territory once again in November after registering a slight recovery in the preceding month, as muted demand conditions forced companies to reduce their dispatches to dealers.
 According to data released by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) sales declined 0.84 per cent to 2,63,773 units in November from 2,66,000 units in the year-ago period.
 The PV sales figure would have been much lower during the period under consideration, if it had not been aided by the utility vehicle segment, which saw despatches grow by 32.7 per cent to 92,739 units in November as compared with 69,884 units a year-ago.
 Domestic car sales were down 10.83 per cent to 1,60,306 units as against 1,79,783 units in the year-ago period while van sales were down 34.32 per cent to 10,728 units as compared to 16,333 in November 2018.
 "Challenges continue in the passenger vehicle segment. we have to remember that the current numbers are on a comparatively low base of last November," SIAM Director General Rajesh Menon told reporters here.
 New launches in the utility vehicle segment has helped prop up sales in October and November, he added.
 PV sales had risen marginally in October aided by positive festive season sentiment and introduction of new models in utility vehicle space, just about managing to snap 11 continuous months of decline in sales.
 However, vehicle sales across categories remained in the negative territory for over a year now.
 Menon said, sales in PV sector would in all probability continue in the slow lane during the remaining months of the ongoing fiscal.
 He added that SIAM was in talks with the government to introduce BS-VI fuel across the country from February itself in order to push the sales of BS-VI emission norms compliant models.
 As of now the government has kept April 1, 2020 as the date of introducing upgraded fuel across the country. The BS-VI fuel is available currently in only the NCR region.
 Total two-wheeler sales in November fell 14.27 per cent to 14,10,939 units compared to 16,45,783 units in the year-ago month. Motorcycle sales last month were down 14.87 per cent to 8,93,538 units as against 10,49,651 units a year earlier.
 Similarly, scooter sales last month declined 11.83 per cent to 4,59,851 units as compared with 5,21,542 units in November 2018.
 Commercial vehicle sales were down 14.98 per cent to 61,907 units in November, SIAM said.
 "It is worrisome that commercial vehicles and two wheelers sales continue to be in the negative zone. Commercial vehicle segment continue to suffer because of low demand in the infrastructure sector while two wheeler sales remain muted due to low demand in the rural areas," Menon said.
 In the PV segment, Maruti Suzuki India reported a 3.31 per cent decline in its November sales at 1,39,133 units. Hyundai Motor India witnessed a 2.04 per cent increase at 44,600 units, while Mahindra &amp; Mahindra reported a fall of 9.62 per cent to 14,633 units during the month.
 In the two-wheeler category, Hero MotoCorp posted a 15.81 per cent drop in sales at 5,05,994 units, while rival Honda Motorcycle and Scooter India saw sales decline by 5.32 per cent to 3,73,283 units.
 Similarly, Chennai-based TVS Motor Company saw its sales slump by 26.52 per cent to 1,91,222 units in November.
 In November, vehicle wholesales across categories registered a decline of 12.05 per cent to 17,92,415 units from 20,38,007 units in November 2018.
 On the other hand, November retail sales data showed a somewhat better picture in terms of sales, pointing to inventory correction taking place in the industry.
 Overall retail sales increased by 4.76 per cent to 22,13,519 units as compared with 21,12,876 units in the year-ago period.
 Similarly, PV retail sales stood at 3,13,061 units last month, as against 2,94,649 units in the same month last year, an increase of 6.25 per cent.
 Two-wheeler retail sales were up by 4.6 per cent at 17,52,903 units as against 16,75,761 units in November 2018. MSS DRR

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