Federation of Automobile Dealers Association (FADA) has released monthly vehicle registration data for the month of May 2019. According to the survey conducted, the MoM registration increased while there was a decline on a YoY basis. In fact, the month of May 2019 saw the 2nd highest registration on a monthly basis in the last fiscal.
The states with the highest vehicle registration included UP with 2,81,175 registrations followed by Maharashtra with 1,99,509 registration and Tamil Nadu wherein 1,58,433 vehicles were registered during the past month. These three states also saw the highest registration in terms of two wheelers. UP registered 2,36,713 units, Maharashtra had 1,51,265 two wheeler registrations along with Tamil Nadu with 1,31,092 units registered.
Passenger vehicle registrations were also highest in these three states standing at Uttar Pradesh (34,249), Maharashtra (31,871) and Gujarat (21,929). The highest commercial vehicle registrations also were highest in these three states at Maharashtra (7,853), Tamil Nadu (6,676) and Gujarat (4,923).
In terms of total vehicle registrations, Arunachal Pradesh topped the states with highest YoY growth of 31 percent while West Bengal noted highest YoY de-growth of -27 percent. The state of Chattisgarh topped with highest PV YoY growth at 36 percent while Manipur noted highest YoY de-growth of -25 percent. Sikkim recorded highest YoY growth in the 2 wheeler segment with growth of 67 percent while Haryana registered highest YoY de-growth of -30 percent.
In the commercial vehicle segment, Goa registered highest YoY growth of 48 percent while Jharkhand registered highest YoY de-growth of -45 percent. Total sales across categories declined by 7.5 percent to 17,71,920 units in May as against 19,14,795 units in the same month last year.
Ashish Harsharaj Kale, President, FADA, revealed that dealer inventories were a serious concern especially where two wheelers were concerned. FADA appreciated the efforts made by Honda Motorcycle and Scooter India who have reduced dealer inventory to an average of 30 days and are moving towards the recommended norm of 21 days as per FADA request.
FADA does not see any immediate improvement in the current situation. Buyer’s sentiments are expected to continue on a negative note over the months ahead. The economic uncertainty, higher insurance costs, job constraints, delayed monsoons and fuel price volatility have all had a negative impact on vehicle sales with no improvements in any of these factors expected soon.
A Few Highlights of the Vehicle Registrations for the month of May are mentioned below:
– Overall the States with Highest Vehicle Registrations were Uttar Pradesh (2,81,175), Maharashtra (1,99,509) and Tamil Nadu (158,433)
– In PV Category, the States with highest registrations were Uttar Pradesh (34,249), Maharashtra (31,871) and Gujarat (21,929)
– In 2W Category, the States with highest registrations were Uttar Pradesh (2,36,713), Maharashtra (1,51,265) and Tamil Nadu (1,31,092)
– In 3W Category, the States with highest registrations were Maharashtra (8,520), Uttar Pradesh (7,649) and Gujarat (5,791)
– In CV Category, the States with highest registrations were Maharashtra (7,853), Tamil Nadu (6,676) and Gujarat (4,923)
– In Total Vehicle Registrations, Arunachal Pradesh registered highest YoY growth of 31% while West Bengal registered highest YoY degrowth of -27%
– In PV category, Chhattisgarh registered highest YoY growth of 36% while Manipur registered highest YoY degrowth of -25%
– In 2W category, Sikkim registered highest YoY growth of 67% while Haryana registered highest YoY degrowth of -30%
– In CV category, Goa registered highest YoY growth of 48% while Jharkhand registered highest YoY degrowth of -45%