India’s Auto Sales Fell By 5% YoY In December 2022: FADA. Check Full Report Here

The total vehicle sale in the month of December has seen a dip 5 per cent, but individual numbers suggest that all the sectors except two-wheeler, three-wheeler (personal), medium and heavy commercial vehicles, all the other categories show an increase in sales as compared to that in December 2022.

New Delhi: The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for December 2022 and Calender Year (CY) 2022. The total vehicle sale in the month of December has seen a dip 5 per cent, but individual numbers suggest that all the sectors except two-wheeler, three-wheeler (personal), medium and heavy commercial vehicles, all the other categories show an increase in sales as compared to that in December 2022.

“The month of December went into lull after 2 super months of October and November which witnessed adrenaline rush in the entire Auto Industry. ecember’22 saw an overall fall of -5%. While all other categories were in green, it was the 2W segment that once again dragged total sales by falling -11%. 3W, PV, Tractor and CV during the same period showed growth of 42%, 8%, 5% and 11%.

Compared to pre-covid month of December’19, total retails were down by -12%. Here also, the 2W segment pulled down total sales as the same fell by -21%. All the other categories like 3W, PV, Tractor and CV showed growth of 4%, 21%, 27% and 9% respectively. For CY2022, while total vehicle retails grew by 15% YoY and 17% compared to CY’20 it failed to surpass CY19 retails, (a pre-covid year) and registered a fall of -10%. PV category during this period continued to
gain new grounds by clocking 34.31L retails during the full year. This is by far, the highest retails which PV has done till date.

The 2W segment once again failed to impress as retail sales during Dec’22 continued to fall after 2 good months. Reasons like rise in inflation, increased cost of ownership rural market yet to pick up fully and increased EV sales, the ICE 2W segment is yet to see any green shoots. The 3W segment which was completely down during covid 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% mark. The PV segment has continued to show remarkable consistency in growth during the entire year. While supply woes has decreased, better product spread and ever highest consumer offers have kept consumer interest on.

The CV segment has continued to grow during entire CY2022 and is now almost at part with CY2019 retails. With uptick in demand in LCV, HCV, Buses and Construction equipment’s, government’s continued push for infrastructure development has kept this segment going.

The Tractor segment is the only other segment apart from PV which has gown well above CY2021,20 and pre-covid year of 2019. It has also registered a new life time high sales of 7.94L. This feat was possible due to consistently good monsoon, improved cashflow with farmers, better MSP of crops and
government’s focus on better procurements. Apart from this, timely sowing of rabi crop also helped to continue this momentum. Festive season sales which was normal after 3 years also played its part in this strong momentum,” said Manish Raj Singhania, President, FADA

All India Vehicle Retail Data for Calendar Year 2022

All India Vehicle Retail Data for December’22

OEM wise Market Share Data for the Month of December’22 with YoY comparison (commercial vehicles)

OEM wise Market Share Data for the Month of December’22 with YoY comparison (three wheelers)

OEM wise Market Share Data for the Month of December’22 with YoY comparison (two-wheelers)