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FADA releases October’19 Vehicle Registration Data

19thNovember’19,New Delhi:The Federation of Automobile Dealers Associations (FADA) today released the Monthly Vehicle Registration Data for the Month of October’19.

October-19 Retail Sales

Commenting on October’19performanceFADA President, Mr Ashish Harsharaj Kale said, “We thank all our principals for taking stock reduction measures.

FADA speciallyappreciates the actions taken by our 2W OEM’s for delivering on their commitment, of reducing stock with Festival Retail Growth. Although not at FADA recommended levels of 21 days,2W inventory has reduced from an alarming level.PV inventory already at reasonable levels has further reduced and now almost at the recommended level with all our principals taking strong and positive steps towards stock reduction. CV inventory has also reduced although with retailcontinuing to be weak, where furtherwholesale regulation is required to reach FADA’s 21 days recommended levels.

Heading into the unknown territory of BS6 transition, more needs to be done towards inventory reduction to avoid dealer losses.

October retails were in the positive giving a much-needed respite to the auto industry and especially our dealer community after months of de-growth.The Festivals 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.

Strong Support from Bank’s & NBFC’s helped Convert the Festive mood of the Consumer into Retails.With Continued Liquidity Easing,Business Appetite of Banks & NBFC’s have grown and will surely aid the industry in the path to recovery as the Consumer Sentiment Strengthens in the coming days. FADA requests both Banks and NBFC’s to provide more support for a stronger recovery.

As the Complete effect of the positive measures taken by the Government plays out and Banks and NBFC’s aggression continuing post the festive season, strengthening of Demand is expected along with bottoming out of the De-growth.

With a New Normal now being more or less set,FADA expects the near term to be stable and Consumer Sentiment changing for the positive as the Economy heads towards recovery with the Governments Strong Focus and Actions towards it.

FADA continues its recommendation to its members to tread with Caution,especially with regards to inventory and Costs during this dynamic time of Fluctuating Consumer Sentiment due to Overall weak economic situation and BS6 transition

FADA will also continue to engage with all the stakeholders for a smooth transition into the BS6 Regime for its members.”

Key Findings from our Online Members Survey

  • Sentiments
    • 13% Dealers rated it as Bad(41% in Septembert’19)
    • 45% Dealers rated it as Neutral (41% in September’19)
  • Liquidity
    • 41% Dealers rated it as Neutral(56% in September’19)
    • 10% Dealers rated it as Bad(34% in September’19)
  • Festive Period
    • 43% Dealers rated it as Growth
    • 30% Dealers rated it as Flat
    • 27% Dealers rated it as De-Growth
  • Expectation in November
    • 48% Dealers rated it as Flat
    • 33% Dealers rated it as De-Growth
    • 19% Dealers rated it as Growth
  • Inventory
    • Average inventory for PVs ranges from25 – 30days(30-35 days in September’19)
    • Average inventory for 2W ranges from35– 40days(60-65 days inSeptember’19)
    • Average inventory for CV ranges from40 – 45 days(50-55 days inSeptember’19

Chartsshowing Vehicle Registration Datafor October’19 with YoY comparison and 42 Days Festive Period can be found below:

Vehicle Registration Data for October’19

CATEGORY OCT’19 OCT’18 YoY%
2W 13,34,941 12,70,261 5%
3W 59,573 57,455 4%
CV 67,060 87,618 -23%
PV 2,48,036 2,23,498 11%
Total 17,09,610 16,38,832 4%

42 Days Festival Period

CATEGORY FESTIVE 2019 FESTIVE 2018 YoY%
2W 18,99,032 19,41,437 -2%
3W 81,377 74,470 9%
CV 94,028 1,14,968 -18%
PV 3,43,319 3,41,561 1%
Total 24,17,756 24,72,436 -2%

Source: FADA Research

 Disclaimer:

  • The above numbers do not have figures from 352 RTOs mainly from states of AP, KL, MP & TS. AP, MP & TS are not yet on Vahan and KL comparative fig. for Oct’18 isnot available, hence it has not been taken for ComparativeCalculation.
  • Online Survey has a limitedsample size and reflects an overall trend.
  • Vehicle Registration Data has been collated as on 11.11.19 and in collaboration with Ministry of Road Transport & Highways, Government of Indiaand has been gathered from 1,197 out of 1,408 RTOs.
  • 42 days festive period ranges from 1st day of Navratri to 15 days post Dhanteras as there is a time lag of 10-12 days between delivery and registration.

State-wise Vehicle Registration Analysis can be found in Annexure 1, Page No. 04.

—– End of Press Release —–

Annexure 1

State wise Vehicle Registration Data for the Month of September-19

ARUNACHAL PRADESH
Category OCT’19 OCT’18 YoY (%)
2W                1,082                814 33%
3W                     30                  16 88%
CV                   100                  57 75%
PV                   575                451 27%
Total                1,787             1,338 34%

 

ASSAM
Category OCT’19 OCT’18 YoY (%)
2W              38,454           34,290 12%
3W                2,766             2,205 25%
CV                2,854             3,817 -25%
PV                8,262             7,386 12%
Total              52,336           47,698 10%

 

BIHAR
Category OCT’19 OCT’18 YoY (%)
2W              74,898           61,892 21%
3W                7,116             4,722 51%
CV                4,944             6,020 -18%
PV                6,583             3,982 65%
Total              93,541           76,616 22%

 

CHANDIGARH
Category OCT’19 OCT’18 YoY (%)
2W                4,740             2,060 130%
3W                     45                  45 0%
CV                     88                  97 -9%
PV                2,307             1,220 89%
Total                7,180             3,422 110%

 

CHHATTSIGARH
Category OCT’19 OCT’18 YoY (%)
2W              55,348           39,973 38%
3W                   704                425 66%
CV                1,972             2,332 -15%
PV                7,240             3,961 83%
Total              65,264           46,691 40%

 

DADRA & NAGAR HAVELI
Category OCT’19 OCT’18 YoY (%)
2W                   580                871 -33%
3W                       4                    6 -33%
CV                   176                202 -13%
PV                   350                286 22%
Total                1,110             1,365 -19%

 

DAMAN & DIU
Category OCT’19 OCT’18 YoY (%)
2W                   395                343 15%
3W                       8                    1 700%
CV                     35                  27 30%
PV                   134                136 -1%
Total                   572                507 13%

 

DELHI
Category OCT’19 OCT’18 YoY (%)
2W              49,450           41,005 21%
3W                3,174             3,391 -6%
CV                1,828             2,186 -16%
PV              17,335           13,680 27%
Total              71,787           60,262 19%

 

GOA
Category OCT’19 OCT’18 YoY (%)
2W                6,217             5,688 9%
3W                       5                    3 67%
CV                   232                233 0%
PV                2,165             1,937 12%
Total                8,619             7,861 10%

 

GUJARAT
Category OCT’19 OCT’18 YoY (%)
2W           1,22,722        1,22,067 1%
3W                7,842             7,689 2%
CV                5,815             7,304 -20%
PV              28,800           26,432 9%
Total           1,65,179        1,63,492 1%

 

HARYANA
Category OCT’19 OCT’18 YoY (%)
2W              41,485           41,501 0%
3W                2,443             2,085 17%
CV                3,038             3,420 -11%
PV              13,606           12,282 11%
Total              60,572           59,288 2%

 

HIMACHAL PRADESH
Category OCT’19 OCT’18 YoY (%)
2W                6,251             5,402 16%
3W                     29                  42 -31%
CV                   975                733 33%
PV                4,661             3,642 28%
Total              11,916             9,819 21%

 

JAMMU & KASHMIR
Category OCT’19 OCT’18 YoY (%)
2W                5,537             9,625 -42%
3W                     56                352 -84%
CV                   316                848 -63%
PV                2,493             5,175 -52%
Total                8,402           16,000 -47%

 

JHARKHAND
Category OCT’19 OCT’18 YoY (%)
2W              39,814           39,819 0%
3W                1,823             1,762 3%
CV                1,504             3,393 -56%
PV                6,292             5,019 25%
Total              49,433           49,993 -1%

 

KARNATAKA
Category OCT’19 OCT’18 YoY (%)
2W           1,01,911        1,07,251 -5%
3W                4,149             5,284 -21%
CV                4,894             6,501 -25%
PV              20,017           19,182 4%
Total           1,30,971        1,38,218 -5%

 

KERALA
Category OCT’19
2W              63,349
3W                2,933
CV                2,450
PV              18,111
Total              86,843

 

MAHARASHTRA
Category OCT’19 OCT’18 YoY (%)
2W           1,49,164        1,65,020 -10%
3W                7,364             8,612 -14%
CV              11,112           11,587 -4%
PV              35,646           31,743 12%
Total           2,03,286        2,16,962 -6%

 

MANIPUR
Category OCT’19 OCT’18 YoY (%)
2W                2,469             2,063 20%
3W                   179                  39 359%
CV                   124                133 -7%
PV                   510                555 -8%
Total                3,282             2,790 18%

 

MEGHALAYA
Category OCT’19 OCT’18 YoY (%)
2W                1,548             1,423 9%
3W                     87                  75 16%
CV                   389                283 37%
PV                1,231             1,003 23%
Total                3,255             2,784 17%

 

MIZORAM
Category OCT’19 OCT’18 YoY (%)
2W                1,952             1,707 14%
3W                     39                  44 -11%
CV                   238                203 17%
PV                   471                432 9%
Total                2,700             2,386 13%

 

NAGALAND
Category OCT’19 OCT’18 YoY (%)
2W                   421                732 -42%
3W                     81                145 -44%
CV                   974             2,147 -55%
PV                   601                626 -4%
Total                2,077             3,650 -43%

 

ODISHA
Category OCT’19 OCT’18 YoY (%)
2W              86,215           61,047 41%
3W                2,907             1,964 48%
CV                4,145             3,997 4%
PV                7,597             6,019 26%
Total           1,00,864           73,027 38%

 

PUDUCHERRY
Category OCT’19 OCT’18 YoY (%)
2W                4,171             4,354 -4%
3W                       6                  11 -45%
CV                     48                  92 -48%
PV                   647                834 -22%
Total                4,872             5,291 -8%

 

PUNJAB
Category OCT’19 OCT’18 YoY (%)
2W              53,329           52,691 1%
3W                   984                653 51%
CV                1,598             2,034 -21%
PV              10,807             9,471 14%
Total              66,718           64,849 3%

 

RAJASTHAN
Category OCT’19 OCT’18 YoY (%)
2W           1,10,965           93,115 19%
3W                1,930             1,733 11%
CV                4,449             7,002 -36%
PV              18,758           15,001 25%
Total           1,36,102        1,16,851 16%

 

SIKKIM
Category OCT’19 OCT’18 YoY (%)
2W                   297                192 55%
3W                     –                   – 0%
CV                     19                  36 -47%
PV                   450                401 12%
Total                   766                629 22%

 

TAMIL NADU
Category OCT’19 OCT’18 YoY (%)
2W           1,16,070        1,38,235 -16%
3W                3,393             3,916 -13%
CV                4,953             7,514 -34%
PV              15,439           17,617 -12%
Total           1,39,855        1,67,282 -16%

 

TRIPURA
Category OCT’19 OCT’18 YoY (%)
2W                4,746             4,379 8%
3W                   490                  40 1125%
CV                   196                153 28%
PV                   490                355 38%
Total                5,922             4,927 20%

 

UTTAR PRADESH
Category OCT’19 OCT’18 YoY (%)
2W           1,83,411        1,80,809 1%
3W                9,584             9,451 1%
CV                6,601             9,806 -33%
PV              24,168           22,511 7%
Total           2,23,764        2,22,577 1%

 

UTTARAKHAND
Category OCT’19 OCT’18 YoY (%)
2W              21,291           18,107 18%
3W                   632                653 -3%
CV                   636                810 -21%
PV                4,318             4,417 -2%
Total              26,877           23,987 12%

 

WEST BENGAL
Category OCT’19 OCT’18 YoY (%)
2W              50,008           33,786 48%
3W                1,703             2,091 -19%
CV                2,807             4,651 -40%
PV                6,083             7,742 -21%
Total              60,601           48,270 26%

 

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