According to a media report, the Society of Indian Automobile Manufacturers (SIAM) and Federation of Automotive Dealers (FADA) are planning to approach the Supreme Court to ask for an extension of the March 31, 2020 deadline for the registration for BS4 vehicles. This move comes amidst the outbreak of Coronavirus which has resulted in fewer footfalls in showrooms.

Two-wheeler dealers are worried about the high unsold inventory of BS4 bikes. While most of the BS4 four-wheelers have been sold, only select stock of certain non-moving colours and models is unsold. The deadline for registering all BS4 vehicles is just 2 weeks away and stocks of BS4 two-wheelers is still high.

SIAM is expected to approach its members and acquire their consent before approaching the Supreme Court of India.

Source

According to the data released by the Federation of Automobile Dealers Associations (FADA), new vehicle registrations grew by 2.6% in February 2020. All segments saw growth, except the personal vehicle segment, which saw a decline of 1.17%.

Personal vehicle sales dropped from 2,28,959 in February 2019 to 2,26,271 units.

2-wheeler registrations saw a year-on-year growth of 1.52%. 12,85,398 2-wheelers were sold in February 2020.

The 3-wheeler segment registered the highest growth of 20.70%. Sales grew from 54,474 units in February 2019 to 65,752 in February 2020.

92,805 commercial vehicles were sold last month compared to 81,129 in February 2019. The segment registered a year-on-year growth of 13%.

The tractor segment also saw a growth of 13.52%.

According to the latest figures released by the Federation of Automobile Dealers Associations (FADA), in January 2020, overall vehicle registrations fell by 7.17% compared to the same period last year.

2-wheeler registrations were down 8.82% compared to the previous year. 12,67,366 2-wheelers were registered in January 2020 compared to 13,89,951 in January 2019.

Personal vehicle sales were down 4.61% from 3,04,929 to 2,90,879 in January 2020. The commercial vehicle sales were also in the negative. 82,187 units were sold in January 2020 as opposed to 88,271 in the previous year.

3-wheeler sales grew by 9.17% from 58,178 units to 63,514 units. For the first time, FADA also included tractor sales in its report. The number of tractors registered in January 2020 grew by 5.11% to 46,170 units.

The industry registered the highest growth in Chandigarh (64.62%), Sikkim (43.85%) and Dadra & Nagar Haveli (26.66%).

The Federation of Automobile Dealers Associations (FADA) has appealed to all car makers to transition to BS6 vehicles and stop billing BS4 vehicles with immediate effect.

Earlier, the Supreme Court of India had dismissed the application filed by FADA with respect to granting extension for sale and registration of BS4 vehicles beyond March 2020.

FADA has now advised dealers to plan liquidation of BS4 stock as per the March 31, 2020 deadline for sale and registration of BS4 vehicles.

According to the latest figures released by the Federation of Automobile Dealers Associations (FADA), the month of November saw nominal growth across all segments except for the commercial vehicles' segment. Total vehicle sales stood at 21,05,508, which showed a YoY growth of 2%.

Vehicle registration data shows that 2,57,271 cars were sold in November 2019 compared to 2,55,535 in the same month last year. The passenger vehicle segment thus registered a YoY growth of 1%.

The 2-wheeler segment saw a growth of 3% as 17,05,495 units were sold in the month of November. Total sales in the same month the previous year stood at 16,60,082.

The 3-wheeler segment registered the highest growth of 20%. Sales increased from 54,639 in November 2018 to 65,348 in November 2019.

The commercial vehicles' segment saw an 8% dip in growth. A total of 77,394 units were sold in November 2019 compared to 84,040 units in the same month last year.

Federation of Automobile Dealers Association (FADA) has issued a legal notice to UM Lohia after the company ceased its operations in India.

The statement states that the closure of operations has resulted in huge losses to dealers. The dealers have also been exposed to litigations from customers.

Earlier this month, it was reported that UM Lohia had stopped operations following a dispute with its US-based partner UM Motorcycles. Production had been stopped leading to lay-offs.

UM Motorcycles and Lohia Auto formed a joint venture in 2014 and had set up a manufacturing plant in the state of Uttarakhand. The company was offering its Renegade series of cruiser bikes in India. These were essentially Chinese motorcycles. Consumer interest dipped as no one wanted to purchase Chinese replicas of American motorcycles. The brand lost its value, and with it the investments of dealers, who were now holding a product few desired.

Back in 2016, UM Lohia introduced BS-III motorcycles, at a time when BS-IV norms were set to come into effect. As a result, dealers were left with inventories of unsold BS-III bikes, for which UM Lohia refused to compensate them. It was only after much cajoling that the company even acknowledged the problem. Even then, instead of buying back the BS-III motorcycles from the dealers and returning their advances, UM Lohia came up with the scheme to sell BS-IV motorcycles to dealers in lieu of their stock of BS-III motorcycles and advances. However, the BS-IV motorcycles supplied by UM Lohia were entirely unfit to ply on roads with several basic components such as EFI Module controller and gear breaking down within few days of use of the motorcycles by the customers.

To make matters worse, UM Lohia has now folded up its operations and shut down its warehouse for spare parts making it impossible for dealers to service the warranty claims on the defective UM motorcycles.

Federation of Automobile Dealers Associations (FADA) has written to the Society of Indian Automobile Manufacturers (SIAM) to ask OEMs to calculate market share on the basis of actual vehicle registrations found in the Vahan platform.

In his letter to SIAM, FADA President Mr. Ashish Harsharaj Kale has requested the auto industry to shift to the new system, which is also the norm followed elsewhere in the world.

It is said that it would have been easier to predict the slowdown, which the auto sector is currently facing, if retail numbers had been reported instead of factory dispatches.

According to Federation of Automobile Dealers Associations (FADA) passenger vehicle inventories are down to 25-30 days.

The decrease in inventory levels can be attributed to a reduction in wholesale billing by manufacturers and a cut down in production as sales have slumped in the past few months.

Reports suggest that inventory levels of commercial vehicles and 2-wheelers remain at 55-60 days and 60-65 days respectively.

Retail sales continued their downward trend in the month of July 2019. All segments except 3-wheelers registered negative growth compared to the same period last year. 2-wheeler and passenger vehicle sales dropped by 5% and 11% respectively. The CV segment registered a de-growth of 14%, while 3-wheeler sales grew by 3%.

Source: Economic Times

As per the vehicle registration data released by the Federation of Automobile Dealers Associations (FADA), vehicle sales continued their downward trend in the month of April 2019.

2-wheeler sales were down by 4% at 12,85,470 units compared to the previous month. The personal vehicle segment also registered a marginal de-growth of 2%. 2,42,457 units were sold in April 2019 compared to 2,46,615 units in the previous month. 

3-wheeler sales were down by 12% from 53,573 in March 2019 to 47,183 units in the last month. While the commercial vehicle segment saw a slight growth of 2% compared to the previous month, sales were down by 16% compared to the same period last year.

The Federation of Automobile Dealers Associations (FADA) has released vehicle registration data for the month of March 2019. Following a slump in February, last month's figures show marginal growth.

In the 2-wheeler segment, 13,24,823 units were sold in March 2019, which is a growth of 10% compared to the previous month. Personal vehicle sales also grew by 5% from 2,31,512 units in February 2019 to 2,42,705 units in March 2019. 

3-wheeler sales rose by 3% compared to February 2019. A total of 53,229 units were sold in March compared to 51,463 a month before. The commercial vehicle segment also saw a slight growth of 2%.