Vehicle Retail sales fall by 54.79% (MoM) in May 2021

Overall sales for the month of May 2021 stood at 5,35,855 units, compared to 11,85,374 units in April 2021.

According to data released by the Federation of Automobile Dealers Associations (FADA), Vehicle Retail sales fell by 54.79% in May 2021 compared to April 2021. Similarly, sales of all categories of vehicles fell by a huge degree with two-wheelers falling by 53%, three-wheelers by 76%, passenger vehicles (PV) by 59%, tractors by 57% and commercial vehicles (CV) by 66%, respectively.

Overall sales for the month of May 2021 stood at 5,35,855 units, compared to 11,85,374 units in April 2021. Since India was under complete lockdown in May 2020, a YoY comparison cannot be represented. However, compared to May 2019, when 18,22,566 units were sold, total vehicle retails have fallen by 71%.

This fall in sales is largely due to the lockdown imposed in various states during the month due to the second wave of the Covid-19 pandemic. Apart from urban markets, this time, even rural areas were badly hit.

The tractor segment registered a de-growth of 56.60% in May 2021. 16,616 units were sold as opposed to 38,285 in April 2021.

Two-wheeler sales decreased by 52.52% to 4,10,757 units from 8,65,134 units in the previous month.

Three-wheeler sales were down by 75.90%. 5,215 units were sold compared to 21,636 units in April 2021.

Passenger vehicle sales declined by 58.96% compared to the previous month. 85,733 units were sold compared to 2,08,883 units in April 2021.

Commercial vehicle sales dropped by 65.91%. 17,534 units were sold in May 2021 compared to 51,436 units in the previous month.

Team-BHP's detailed analysis of the May 2021 sales figures.