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Retail sales of new vehicles declined by 25 per cent during FY2022 as compared to pre-Covid sales in FY20

April 5, 2022
Bharat Times

Federation of Automobile Dealers Associations (FADA) has vehicle retail data for the financial year 2021-22. Between April 2021 and March 2022, the auto industry collectively sold 1,63,75,799 vehicles in India. As compared to 2,17,78,574 units sold during the pre-COVID financial year 2019-20, the industry witnessed a decline of around 25 per cent. However, FADA says that FY 2022 was the first year of recovery after the arrival of COVID in 2020, and compared to sales of 1,52,74,314 vehicles in FY 2020-21, the industry recorded a year-on-year growth of 7.21. saw a percentage increase. Commenting on the performance of the industry, Vinkesh Gulati, President, FADA said, “Despite the total chaos especially in India, India Auto Retail witnessed a growth of 7 per cent year-on-year. All segments except tractors closed on a positive note. While 2W saw the lowest increase (due to rural incidence), 3W, PV and CV all saw double-digit growth.”

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Compared to sales of 27,74,340 vehicles in FY20, the passenger vehicle segment witnessed a decline of 2 per cent in FY22

In FY22, the passenger vehicle segment witnessed retail sales of 27,26,047 units, which is almost 2 per cent lower than the sales of 27,74,340 vehicles in FY20. However, when compared to 23,87,925 units sold in FY21, the segment witnessed a growth of over 14 per cent. On the other hand, the two-wheeler segment reported retail sales of 1,19,73,415 for the period April 2021-March 2022. As compared to 1,68,46,527 units sold in FY20, the segment witnessed a steep decline of 29 per cent, however, when 1,15,33,928 units were sold in FY21, the segment has almost 4 percentage increase was observed. ,

Read also: Auto Sales March 2022: Mahindra’s passenger vehicle sales up 65% year-on-year at 27,603 units

During the period April 2021-March 2022, total three-wheeler sales stood at 3,88,093 units, a steep decline of 46 per cent as compared to 7,19,643 units sold in FY20. However, the same segment, when compared to 2, sold 58,172 three-wheelers in FY21, showing a much higher growth of 50.32 per cent. At the same time, 6,52,125 units were sold in the commercial vehicle (CV) segment. Compared to 8,82,524 units sold in FY20, the segment witnessed a decline of over 26 per cent, however, YoY growth stood at over 45 per cent as compared to 4,49,324 units sold in FY21.

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FADA says that all segments except tractors closed on a positive note in FY 2022. Between April 2021 and March 2022, total tractor retail sales stood at 6,36,119 units, a decline of 1.37 per cent year-on-year.

However when we look at tractor sales the trend changes. Between April 2021 and March 2022, total tractor retail stood at 6,36,119 units, an increase of 14.50 per cent as compared to 5,55,540 units sold in FY20. At the same time, as compared to 6,44,965 units sold in the financial year. 2021, the segment witnessed a year-on-year decline of 1.37 per cent.

Read also: Two-wheeler sales March 2022: Hero MotoCorp sold 4.5 lakh units

By March 2022, the situation was very dire. Cumulative retail sales stood at 16,19,181 units as against 23,12,868 units sold in March 2020, a decline of 30 per cent. At the same time, compared to the retail sales of 16,66,996 vehicles in FY 2021, there was a decline of 2.87 percent in retail sales. Yo. Passenger vehicle sales last month stood at 2,71,358 units, an increase of 24 per cent over March 2020, but a decline of nearly 5 per cent compared to PV sales since March 2021. Two-wheeler sales stood at 11 in March 2022. ,57,681 units, a decline of over 37 per cent and 4 per cent respectively as compared to March 2020 and 2021.

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Two-wheeler sales stood at 11,57,681 units in March 2022, a decline of over 37 per cent and 4 per cent respectively as compared to March 2020 and 2021.

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At the same time, three-wheeler retail increased by about 27 percent to 48,284 units in March 2022 as compared to March 2021, but saw a decline of 37 percent as compared to retail from March 2020. Total CV sales last month also stood at 77,938 units, an increase of 15 per cent over March 2021, but a decline of 33 per cent as compared to March 2020. In March 2022, total tractor retail sales stood at 63,920 units, a decline of 8 per cent over March 2021, but a growth of 20 per cent as compared to tractor retail since March 2020.

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