YoY sales continue to register a decline – But sales are showing improvement MoM
As per data published by the Federation of Automobile Dealers Associations (FADA), three-wheeler sales continued to witness negative growth in September. A total of 24,060 units were sold in September, which is YoY de-growth of -58.86%. Sales during the corresponding period last year stood at 58,485 units.
MoM sales have improved
However, just like other auto segments, green shoots are visible in three-wheeler space as well. Sales in September are much better as compared to August 2020, when a total of 16,857 units were sold. In that month, YoY de-growth was much higher at -69.51%.
While preference for personal transport still holds sway among people, it appears that things are gradually moving towards normalcy. A walk through busy streets reveals that auto rickshaws are back in demand, in quite the same way as they were earlier. So much has changed in just a couple of months.
Things are expected to improve further in the peak festive season of October and November. This is the time when things like consumer activity and movement of people is at an all-time high.
Bajaj Auto leads
With sales of 9,149 units in September, Bajaj Auto continues to be the leader in three-wheeler segment. However, YoY sales are down significantly, as compared to 25,312 units sold in September last year. The company’s YoY market share has also come down from 43.28% to 38.03%. However, MoM sales growth is positive in comparison to 6,394 units sold in August 2020.
At number two in the list is Piaggio with 5,394 units sold in September. YoY sales have almost halved, as compared to 10,572 units sold in September last year. However, a positive development for Piaggio is that its YoY market share is up from 18.08% to 22.42%. MoM sales have also improved, as compared to 3,688 units sold in August 2020.
At number three is Atul Auto with 940 units sold in September. YoY sales have reduced around one-third of 2,971 units sold in September last year. The company’s YoY market share is also down from 5.08% to 3.91%. Atul Auto’s MoM growth is positive in comparison to 625 units sold in August 2020.
|6||Others + EV||7,406||15,071|
At number four is TVS Motor with 703 units sold in September. YoY sales growth is negative, as compared to 1,083 units sold in September last year. However, the company’s YoY market share has witnessed an improvement from 1.85% to 2.92%. MoM sales are also up, as compared to 410 units sold in August 2020.
At number five is Mahindra & Mahindra with 468 units sold in September. The company’s YoY sales growth has been hit badly in comparison to 3,476 units sold in September last year. YoY market share is also down from 5.94% to 1.95%. However, MoM sales have improved, as compared to 292 units sold in August 2020.
More than 30% of sales in three-wheeler segment in September came from other manufacturers including electric vehicles (EVs). A total of 7,406 units were sold in September. Collectively, YoY sales growth is negative for this group, as compared to 15,071 units sold in September last year. However, YoY market share has improved from 25.77% to 30.78%.