Commercial Vehicle Retail Sales Increased 97.94% YoY to 53,150 units in August 2021
Federation of Automobile Dealers Associations (FADA) announced the retail sales and registration report for August 2021. In the related month, data shows off that there was a YoY rise reported across each segment. However, even as demand across every segment is rising, OEMs are facing severe supply constraints because of the shortage of semiconductors.
Retail in the two-wheeler segment saw a 6.66% rise while three-wheeler retail sales increased 79.70%. PV retails rose by 38.71%, while commercial vehicle retail sales recorded the maximum increase at 97.94% to 53,150 units retailed in August 2021 over 26,851 units sold in the same month of the previous year.
Tata, Mahindra Lead Charts
Tata Motors and Mahindra were the only 2 CV manufacturers to note sales above the 10000 unit mark. Tata Motors retailed a total of 20805 units in the prior month with a market share of 39.14%. This was against 7164 units sold in August 2020, when the market share remained at 26.68%.
Mahindra retail sales remained at 13385 units in August 2021, with a market share of 25.18%. Sales in August 2020 were at 10867 units when the market share was higher at 40.47%. Due to the semiconductor supply shortage, Mahindra has announced plans to stop production for seven days in September 2021. However, this will not affect the output of CVs.
The flagship of the Hinduja group (Ashok Leyland) and one of the largest manufacturers of CVs in India reported retails at 6958 units in the prior month, up from 2861 units retailed in August 2020. As a result, market share also rose from 10.66% to 13.09% YoY.
Next in line on the list of CV retail sales was Maruti Suzuki, with 3721 units in August 2021 and a market share of 7%. This increased over 1848 units retailed in August 2020, when market share stood at 6.88%.
VE, Daimler, Force Motors
Retail sales growth was accounted for across VE, Daimler and Force for August 2021. VE sales stood at 3151 units in the past month, up from 1070 units sold in August 2020, while market share grew from 3.98% to 5.93% YoY. Daimler India sales stood at 865 units with a market share of 1.63% in August 2021. This was facing 357 units retailed in August 2020 with a market share of 1.33%.
Lower down the line were Force Motors and SML Isuzu limited, with retail sales at 753 units and 462 units in August 2021. This was a rise of over 278 units and 163 units sold in August 2020, while the market share of both companies also noted significant growth. Other CV makers reported retail sales at 3050 units with a market share of 8.35%.