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Economic Times
05-05-2025
- Automotive
- Economic Times
Car & 2-wheeler sales crawl in April, commercial vehicles stall
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Vehicle registrations in India grew by 3% to 2.29 million units in April as two-wheeler and passenger vehicle segments recorded modest increases while commercial vehicle registrations or retail sales of two-wheelers and passenger vehicles grew by 2.3% and 1.6% to over 1.68 million units and 349,939 units respectively. Three-wheelers and tractors fared comparatively better, posting growth of 24.5% and 7.6% to 99,766 and 60,915 units respectively, showed data collated by Federation of Automobile Dealers Associations (FADA) from the VAHAN portal of the road ministry. Retail sales of commercial vehicles though, fell by 1% to 90,558 units in April."With the tariff war paused, stock markets staged a sharp pullback-alleviating investor concerns-and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note," said C S Vigneshwar, president, the two-wheeler segment, the demand environment remained stable despite mixed headwinds. "Dealers reported buoyant enquiry growth in rural areas post Rabi harvest, driven by strong crop yields, healthy reservoir levels and a favourable monsoon outlook. Wedding-season tailwinds (also) sustained rural offtake," said Vigneshwar, adding that demand also remained robust in urban limited new model introductions, passenger vehicle sales grew at a modest pace, backed by discounts and promotional offers. While demand remained healthy for SUVs, entry-level car buyers remained cautious. Dealers urged automakers to align production with market demand and reduce stock levels to mitigate deeper discounts and carrying costs at the month, sales of commercial vehicles continued to be under pressure amid product price increases, stagnant freight rates, and low fleet segment however saw healthy demand from school transport and staff mobility said the agricultural cycle this month is expected to conclude on a strong note, supported by healthy crop prices and robust mandi procurement."The IMD's forecast of an above-normal Southwest monsoon bodes well for rural incomes, farm-sector growth and downstream demand", he said, adding that a well-distributed rainy season is critical to containing food per Kantar's Rural Barometer and GroupM data, household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases. This is impacting sales of non-essential items, FADA said.
Time of India
05-05-2025
- Automotive
- Time of India
Car & 2-wheeler sales crawl in April, commercial vehicles stall
New Delhi: Vehicle registrations in India grew by 3% to 2.29 million units in April as two-wheeler and passenger vehicle segments recorded modest increases while commercial vehicle registrations declined. #Pahalgam Terrorist Attack Pakistan's economy has much more to lose than India's due to the ongoing tensions, warns Moody's Ratings The day Pakistan got the power to poke India FM Sitharaman meets ADB chief and Italian FM, discusses economic issues; no mention of Pakistan Registrations or retail sales of two-wheelers and passenger vehicles grew by 2.3% and 1.6% to over 1.68 million units and 349,939 units respectively. Three-wheelers and tractors fared comparatively better, posting growth of 24.5% and 7.6% to 99,766 and 60,915 units respectively, showed data collated by Federation of Automobile Dealers Associations (FADA) from the VAHAN portal of the road ministry. Retail sales of commercial vehicles though, fell by 1% to 90,558 units in April. "With the tariff war paused, stock markets staged a sharp pullback-alleviating investor concerns-and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note," said C S Vigneshwar, president, FADA. In the two-wheeler segment, the demand environment remained stable despite mixed headwinds. "Dealers reported buoyant enquiry growth in rural areas post Rabi harvest, driven by strong crop yields, healthy reservoir levels and a favourable monsoon outlook. Wedding-season tailwinds (also) sustained rural offtake," said Vigneshwar, adding that demand also remained robust in urban areas. Despite limited new model introductions, passenger vehicle sales grew at a modest pace, backed by discounts and promotional offers. While demand remained healthy for SUVs, entry-level car buyers remained cautious. Dealers urged automakers to align production with market demand and reduce stock levels to mitigate deeper discounts and carrying costs at dealerships. During the month, sales of commercial vehicles continued to be under pressure amid product price increases, stagnant freight rates, and low fleet utilisation. The segment however saw healthy demand from school transport and staff mobility customers. Vigneshwar said the agricultural cycle this month is expected to conclude on a strong note, supported by healthy crop prices and robust mandi procurement. "The IMD's forecast of an above-normal Southwest monsoon bodes well for rural incomes, farm-sector growth and downstream demand", he said, adding that a well-distributed rainy season is critical to containing food inflation. As per Kantar's Rural Barometer and GroupM data, household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases. This is impacting sales of non-essential items, FADA said.
New Indian Express
05-05-2025
- Automotive
- New Indian Express
Retail auto sales start FY26 on a positive note, grow 3% in April
NEW DELHI: On the back of festive purchases around Akshay Tritiya and rural demand post-harvest, India's total automobile retail sales rose 2.95% year-on-year in April 2025, reaching 22.87 lakh units, according to the Federation of Automobile Dealers Associations (FADA). Growth was seen in all segments except commercial vehicles, which dipped 1% year-on-year. "With the tariff war paused, stock markets staged a sharp pullback—alleviating investor concerns—and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note," said FADA President CS Vigneshwar. Two-wheeler retail volumes grew 2.25% YoY and 11.84% MoM to 16,86,774 units. Vigneshwar stated that dealers reported buoyant enquiry growth in rural areas post-Rabi harvest, driven by strong crop yields, healthy reservoir levels and a favourable monsoon outlook, while wedding-season tailwinds sustained rural offtake. Despite limited model introductions, the passenger vehicle (PV) segment registered a 1.55% YoY increase in sales to 3,49,939 units. "This performance reflects a discount-led market and elevated inventories—approximately a 50-day supply—amid cautious consumer sentiment that tempered enquiry-to-sale conversions," added Vigneshwar. Going forward in May, FADA said that this month"s agricultural cycle is concluding on a strong note, underpinned by healthy crop prices and robust mandi procurement. However, the dealer body added that Kantar's Rural Barometer and GroupM data signal heightened consumer selectivity in rural India— household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases. Here, non-essential categories such as two-wheelers is likewise plateauing amid rising living costs.
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Business Standard
05-05-2025
- Automotive
- Business Standard
Auto retail sales rise 3% in April after two months of decline: Fada
Automobile retail sales witnessed a 3 per cent rise to 2.28 million units in April this year, up from 2.22 million units in April 2024. This came on the back of rising demand due to festivals across states, according to a report by the Federation of Automotive Dealers Associations (FADA) released on Monday. All categories, except commercial vehicles (CV), closed in the green, with two-wheelers, three-wheelers, passenger vehicles, and tractors up 2.25 per cent, 24.5 per cent, 1.5 per cent, and 7.5 per cent, respectively. However, CVs saw a 1.05 per cent year-on-year decline following OEM-led price increases against stagnant freight rates and fleet utilisation. This comes after overall automobile retail sales declined for the second consecutive month (0.7 per cent) in March. The fall was attributed to a 2 per cent slide in two-wheeler sales, a 6 per cent drop in three-wheeler sales, and a 6 per cent decline in tractor sales. Dealers indicate that advance purchases in March resulted in elevated carryover stocks, while holiday calendars dampened fresh enquiries and delayed conversions — particularly in the small commercial vehicle (SCV) cargo category, where price and product gaps have weighed heavily. "In addition to the festivals, pause on the tariff war and sharp pullback by stock markets also helped in the recovery of sales in April," said C. S. Vigneshwar, president, FADA. In the PV segment, Maruti Suzuki led the surge with 138,021 units with a 39.4 per cent market share. On the other hand, Mahindra & Mahindra came in second (14 per cent), followed by Tata Motors (13 per cent), and Hyundai Motor (12.5 per cent). 'This reflects a discount-led market and elevated inventories—approximately a 50-day supply—amid cautious consumer sentiment that tempered enquiry-to-sale conversions,' he said. "Sustained SUV demand underpinned volumes even as entry-level customers remained cautious, underscoring the need for OEMs to recalibrate production and reduce stock levels to mitigate deeper discounts and carrying costs at dealerships," he added. The rise in two-wheelers was attributed to buoyant enquiry growth in rural areas post-Rabi harvest, driven by strong crop yields, healthy reservoir levels, and a favourable monsoon outlook, while wedding-season tailwinds sustained rural offtake. FADA expects improved numbers going ahead, as May's agricultural cycle is concluding on a strong note. 'The IMD's forecast of an above-normal southwest monsoon bodes well for rural incomes, farm-sector growth, and downstream demand, while a well-distributed rainy season is critical to containing food inflation. At the same time, Kantar's Rural Barometer and GroupM data signal heightened consumer selectivity in rural India—household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases,' Vigneshwar said.
Economic Times
05-05-2025
- Automotive
- Economic Times
With tariff war paused, customers leverage festivals to boost auto sales in April: FADA
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Auto Overall automobile retail sales in India grew a modest 2.95 per cent in April this year to 22,87,952 units with completion of purchases by customers around Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu helping April end on a positive note, Federation of Automotive Dealers Associations said on Monday. Total automobile sales in India in April 2024 stood at 22,22,463 units, Federation of Automotive Dealers Associations (FADA) said in a statement."With the tariff war paused, stock markets staged a sharp pullback -- alleviating investor concerns -- and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note," FADA President C S Vigneshwar said two-wheeler retail volumes demonstrated a resilient up-cycle -- growing 2.25 per cent year-on-year and accelerating 11.84 per cent month-on-month, underscoring a stable demand environment amid mixed headwinds."Dealers reported buoyant enquiry growth in rural areas post-Rabi harvest, driven by strong crop yields, healthy reservoir levels and a favourable monsoon outlook, while wedding-season tailwinds sustained rural offtake," Vigneshwar categories except commercial vehicles (CV) closed in the green, with two-wheelers, three-wheelers, passenger vehicles (PV) and tractor up 2.25 per cent, 24.5 per cent, 1.5 per cent, and 7.5 per cent, respectively, while CVs declined 1 per cent, FADA retail sales in April this year stood at 16,86,774 units as against 16,49,591 units in the same month last year, up 2.25 per retail last month stood at 3,49,939 units as compared to 3,44,594 units in April 2024, up 1.55 per cent, it demand remained robust, supported by new-model introductions, although elevated financing costs and new emission norm 'OBD2B'-linked price adjustments posed isolated bottlenecks, he the outlook, FADA said dealer feedback paints a nuanced picture for May across all segments with PV retails expected to hold steady but muted, as buyers await new-model roll-outs and contend with elevated financing two-wheelers, FADA said, "Marriage-season and post-harvest demand should underpin enquiries, yet financiers are tightening customer-level credit criteria -- higher CIBIL requirements and down-payment mandates -- despite broader banking-system liquidity. Summer heat and school holidays may further suppress showroom visits though IMD predicts that it may not be as bad as last year."CVs are likely to trade flat, weighed down by a high-base effect, slower e-commerce activity and intensifying competition from electric three-wheelers; targeted OEM incentive schemes and forthcoming infrastructure projects offer some offset, it added.
