A total of 2,40,234 passenger vehicles were sold last month, down from 2,98,213 units sold in November 2020.
The auto sector is facing tough times. The introduction of the new Omicron variant has aggravated the ongoing pandemic, while rising fuel prices, shortage of critical components and increased input costs have aggravated the situation.
In the last one month where three wheelers and commercial vehicles are concerned, retail sales have grown by 67 per cent and 13 per cent, respectively. However, two-wheelers, passenger vehicles and tractors grew by 1 per cent, 19 per cent and 9 per cent respectively.
Federation of Automobile Dealers Association (FADA) has released vehicle retail data for November 2021. In this post, we specifically talk about passenger vehicle retailing. Last month sales declined to 2,40,234 units, a decline of 19.44 per cent as compared to 2,98,213 units sold in November 2020, a decline of 14.02 per cent as compared to 2,79,417 units sold in November 2019. Slowdown in production operations due to ongoing semi-conductor shortages, extended waiting periods resulting in reduced sales.
Car Retail Sales November 2021 – Maruti Suzuki Leads The List
Once again, it was Maruti Suzuki India Ltd that led the list and commanded a market share of 41.93 per cent. Retail sales last month stood at 1,00,127 units, down from 1,46,849 units sold in November 2020.
Hyundai Motor India also reported a decline in retail sales last month. Sales which were 48,264 units in November 2020, declined to 37,272 units last month. Hyundai will embark on an electric vehicle journey in the coming years, with plans to launch 6 new electric cars by 2028 in the mass and premium segment.
Reporting an increase in retail sales, India’s third largest passenger vehicle maker Tata Motors sold 28,841 units last month, up from 22,361 units sold in November 2020. The company’s market share also saw a significant increase from 7.50 per cent held in November. 12.01 percent from last month 2020. The new Punch sub-compact SUV that was launched on 18th October has received a good response and has contributed in good numbers to the retail sales.
Mahindra, Kia, Toyota
Mahindra, Kia and Toyota followed in quick succession. Mahindra posted higher YoY retail sales up to 17,851 units in November 2021 from 16,220 units sold in November 2020. The market share also increased from 5.44 per cent to 7.43 per cent.
Kia India’s retail sales last month fell to 12,801 units from 18,891 units sold in November 2020, reducing the market share to 5.33 percent from 6.33 percent respectively. Kia India will unveil the new Karens MPV on 16 December. Kia is also set to showcase its flagship electric SUV, the EV9, on November 11, through which it plans to capture a major share of the global EV market in the next few years.
Toyota India’s retail sales increased to 10,505 units last month with a market share of 4.37 per cent, as against 9,346 units retailed in November 2020 and a market share of 3.13 per cent. Toyota Hilux is all set for its India debut with a launch date of early 2022. ,
Renault India and Honda Cars both reported a year-on-year decline in retail sales, while Skoda Auto saw a significant growth of 5,059 units last month, up from 3,312 units sold in November 2020. Nissan Motor India’s retail sales also rose to 3,155 units last month. Retail sales of MG Motor fell to 2,637 units last month, up from 815 units sold in November 2020, as against 3,183 units sold in the same month last year. Fiat India also registered a growth in retail sales to 1,046 units, up from 749 units sold in November 2020.
luxury car segment
Retail sales in the luxury car segment have declined year-on-year. Mercedes sales stood at 885 units last month, down from 963 units sold in November 2020, while the market share increased to 0.37 per cent from 0.32 per cent. BMW (727 units), Ford India (551 units) and Jaguar (198 units) each saw a drop in retail, like Volvo Cars (134 units). Porsche and Bentley posted better retail, while other automakers in this PV segment saw a rise in retail by 1,056 units last month as compared to 724 units in November 2020.