2-Wheeler Retail sales July 2022 – Being the first true COVID disruption free year, it was an important month of July. We compare it against numbers from pre-COVID levels to bring the real picture…
FADA (Federation of Automobile Dealers Associations) is out with its monthly sales data for 2-wheelers for July 2022. It must be noted that the numbers denoted below are retail sales ie the number of vehicles registered with RTOs and is a more appropriate figure of how is the automobile market performing.
2-Wheeler Retail Sales July 2022
Overall, 10,09574 units of 2-wheelers were sold in the month of July 2022 which are almost 11 percent lower than 11,33,344 units of July last year.
The reasons cited for the poor demand in the 2-wheeler space are –
- Low demand specially in the rural space
- High inflation
- Erratic monsoons
- High cost of ownership
In comparison with July 2020, these numbers are higher by almost 14 percent, however, if we go back all the way till July 2019, then this is a major fall of almost 28 percent or about 4 lakh lesser units were sold in this month.
Here are the numbers in a tabular format for easier understanding…
|Month||July 2022||July 2021||July 2020||July 2019|
|% Change against July 22||–||-10.92%||13.70%||-27.86%|
Note – Above cited numbers are taken from the Vahan portal (they exclude sales from MP, AP, LD and TS) by FADA in collaboration with Ministry of Road Transport & Highways.
In absolute terms 2019 was the last real COVID-free year and a direct comparison with its monthly numbers reveals the true picture and how far behind we have come. In fact, after the disruptions caused by COVID, July 2022 could be called as the most disruption-free month without any major regulations and limitations. And a shortfall of nearly 4 lac units highlights the major deficit that the 2-wheeler world has suffered.
With the festive season approaching, overall sentiments are expected to be much better and a slew of new launches lined up by manufacturers is expected to catapult momentum.
In the next story, we will share the individual retail sales of manufacturers for July 2022.