As per FADA data, automotive retail volumes fell 28 per cent on a Month over Month basis in April 2021 to approximately 11.85 lakh units. As part of the decline, the two-wheeler segment sales declined by 27.6 per cent while the PV segment fell 25.3 per cent. The decline in three-wheelers, commercial vehicles and tractors was pegged at 43.1 per[Read More…]
After showing a one-time YoY growth in December, January registrations once again fell by -9.66%. All categories except Tractor were in red. On a YoY basis, 2W, 3W, CV and PV fell by -8.78%, -51.31%, -25% and -4.46%. Tractor continued its upbeat momentum with a YoY growth of 11.14%. Non-availability of vehicles due to scarcity of semiconductors, a fading pent-up demand[Read More…]
Vehicle Registrations for August shows improvement due to ongoing festivities when compared MoM but still down by -26.81% on YoY basis. • On yearly comparison, 2-Wheeler degrows by -28.71%, 3-Wheeler by -69.51%, CV by -57.39%, and PV by -7.12%. Tractor registration continued its upwards journey with 27.80% growth. • Entry Level Passenger Vehicles shows initial signs of demand revival[Read More…]
From being considered a healthy alternative to China in the aftermath of the Covid-19 epidemic, the Indian automotive industry was faced with an uphill task of crisis management. Story by: Ashish Bhatia Towards the fag end of January, in the aftermath of the Covid-19 outbreak in China, highly import-dependent countries began scouting for alternative manufacturing and assembly units to de-risk[Read More…]
Text : J Srikant The first victim of a downturn in the auto industry is not the OEM or the component manufacturer, but the dealer. A drop in vehicle sales adversely impacts the already tight margins of dealers. However, when the industry begins to revive, the dealers are the first to give an indication of change. Federation of Automotive Dealers[Read More…]
Federation of Automobile Dealers Association (FADA) recently announced the appointment of K V S Prakash Rao as its new president for the period 2014-15. The decision was announced during 271st Council Meeting held immediately after the 50th AGM on 22nd September 2014. K V S Prakash Rao, 44, who is the MD of Garapati Autoventures Pvt Ltd and Managing Partner of[Read More…]
The much awaited Union Budget of the newly-elected government was tabled in the Parliament this morning. Though there was big bang announcement the Budget has attempted to address several issues including some raised by the auto industry. The major announcement is the increasing the FDI limit in insurance and defence from 26% to 49%. As the government has already announced[Read More…]
In view of his invaluable contribution to the growth, development and success of Indian auto industry, Federation of Automobile Dealers Associations (FADA) honoured Chairman Emeritus, Tata Sons, Ratan Tata, with the Lifetime Contribution Award. The award was presented in person by a team of FADA members led by Mohan Himatsingka, President, FADA in the office of Tata in Mumbai. Speaking[Read More…]
Frost & Sullivan recently concluded its study on “Competitive Benchmarking of OEM Practices for Passenger Vehicles Retail in India”, an exclusive study done for FADA (Federation of Automobile Dealers Associations). The study was to present a competitive analysis of the best OEM practices for passenger vehicle retail in India and give recommendations for improvements and sustainability of the business. Declining[Read More…]
