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 cent, 23.7 per cent and 44.6 per cent respectively. Notably, the two-wheeler and PV inventory levels were claimed to have remained broadly unchanged at 30-35 days and 15-17 days, respectively. The Covid-19 second wave across India that has forced localised restrictions on manufacturing and distribution is said to have heavily impacted automotive sales in the month. As per FADA, the near term outlook is also soft. Consumer sentiment has also been dented going by the dealership walk-ins at 30 per cent. On a longer-term basis, the body sees the industry reaching the previous peak sales of FY2019 only by FY2023E


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