2-wheeler sales prediction for 2022 does not look very bright due to the outbreak of yet another variant of COVID, as per FADA…
The Federation of Automobile Dealers Associations (FADA) is an Apex National body which represents all the automobile dealers of India engaged in the sale, service and spares of 2 and 3-Wheelers, Passenger Cars, UVs, Commercial Vehicles (including buses and trucks) and Tractors.
It represents over 15,000 automobile dealers having 26,500 dealerships including multiple Associations of Automobile Dealers at the Regional, State and City levels representing the entire Auto Retail Industry.
FADA India, most importantly, is in active network with the Industry and the authorities, both at the Central & State levels, to provide its inputs and suggestions on the Auto Policy, Taxation, Vehicle Registration Procedure, Road Safety and Clean Environment, etc. to sustain the growth of the Automobile Retail Trade in India.
Hence, their statements, observations and predictions regarding the state of the automobile industry and its trends & conditions, carry a lot of significance.
In their latest statement made by Mr. Vinkesh Gulati (President, FADA), they predict that the year 2022 will be a neutral year in terms of sales and growth of automobiles in India. He attributes this prediction to the fear created once again by the Omicron variant wreaking havoc globally.
This global fear, he states further, may once again impact the supply of passenger vehicles to the customers if chip making countries go under lockdown or if there is any other/further disruption.
The prediction for the two-wheeler market is worse. Vinkesh says that the 2-wheeler segment continues to face demand crunch and it may further go down if the third wave become a reality in India.
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There is a glimmer of hope in the second half of 2022 as per the president of FADA. He anticipates that the H2 of CY-2022 may see the supply as well as the demand slowly coming back to normalcy. He further adds that the Auto Industry will fully recover only by 2023 and will come back to its pre-covid levels only if covid becomes history.
It must be noted that India’s 2-wheeler market has faced a major brunt since 2018. That has happened due to the variou consistent regulations that have come into effect in quick successions. And just when things were looking better COVID struck that disrupted everything.