Vehicle registrations up nearly 9% in Aug
Bajaj Auto, holding on to nearly 75% share of the e-two-wheeler market. On the other hand, passenger vehicle sales continued to be steady, with supplies normalizing and original equipment manufacturers, or OEMs dispatching higher volumes to dealers, giving rise to concerns over rising inventory levels.
“In the PV arena, improved supply, bolstered by expanded customer schemes, has maintained positive market dynamics. Despite advances, supply chain bottlenecks persist, particularly for timely deliveries.
The market responded favourably to the introduction of new hybrid and CNG (compressed natural gas) models; however, a constrained product range in popular segments, including mid-size sport utility vehicles (SUVs) continues to limit overall potential. It is alarming that inventory levels exceeded the 60-day supply for the first time even before the onset of Navratri and Diwali festivals—a trend that necessitates vigilant monitoring by passenger vehicle OEMs," Manish Raj Singhania, president, FADA, said.
“In September, our outlook remains cautiously optimistic, shaped by a multitude of factors across vehicle segments. The onset of the festive season, starting with Onam, uplifted the mood of the market, as well as easing earlier bottlenecks in the supply chain across all categories and improving liquidity," Singhania added.
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