: FADA urges Twowheeler OEMs to announce schemes to boost sales & work on 21 days inventory cycle #finance #StockMarketNEWS FADA urges Two-wheeler OEMs to announce schemes to boost sales & work on 21-

FADA urges Twowheeler OEMs to announce schemes to boost sales & work on 21 days inventory cycle #finance #StockMarketNEWS
FADA urges Two-wheeler OEMs to announce schemes to boost sales & work on 21- days inventory cycle New Delhi, 8 Dec (KNN) According to the Vehicle Retail Data for November, 2021 released by Federation of Automobile Dealers Associations (FADA) today, 2W segment saw almost at par sales compared to last year (which itself was a bad year), overall sentiment remained low as marriage season also didn’t help in revival except in one or two states.

With regard to 2W it has requested all original equipment manufacturer (OEMs) to announce attractive scheme which can work as a stimulus for growth in sales, and has additionally requests them to consistently work on a 21- days inventory cycle.

Commenting on the performance of vehicle retail for November, FADA President, Vinkesh Gulati said, “Auto retail for the month of November continued to remain in negative zone despite Diwali as well as marriage season in the same month. The unwanted rains in southern states further spoiled the party. Unless Rural India starts showing signs of strength, overall retails will continue to remain weak.

Semi-conductor shortage still prevails in, while the new launches are keeping customer’s interest high.

It is only the lack of supply which is not allowing sales to conclude, said FADA.

The CV segment continues to see traction in M&HCV segment. This aided by low base resulted in double digit growth, and the bus segment is still witnessing a dry run as educational institutes continue to remain closed.

With diesel prices at record highs, supply of CNG vehicles are not able to meet the demand, and tight liquidity and unavailability of finance for customers who availed moratorium are also acting as sales barrier.

FADA has also said, the new variant of Covid ‘Omicron’ has once again gripped the entire nation in fear, and will further impact the overall vehicle demand.

The federation is also hopeful that the chip shortage will ease in times to come and therefore reduce waiting period of vehicles and help in increasing sales.

All India Vehicle Retail Data for November’21

Source: FADA Research

Disclaimer:
-- The above numbers do not have figures from AP, MP, LD & TS as they are not yet on Vahan 4.
-- Vehicle Retail Data has been collated as on 06. 12. 21 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,378 out of 1,589 RTOs.
-- CV is subdivided in the following manner
-- i) LCV – Light Commercial Vehicle (incl. Passenger & Goods Vehicle)
-- ii) MCV – Medium Commercial Vehicle (incl.