New Delhi: Federation of Automobile Dealers Association (FADA) has asked its auto industry counterpart Society of Indian Automobile Manufacturers (SIAM) to start reporting monthly sales data on the basis of actual registrations based on Road Ministry’s ‘Vahan’ platform instead of wholesales.
In a letter addressed to SIAM president Rajan Wadhera, his FADA counterpart Ashish Harsharaj Kale said reporting retail numbers is also a norm which is followed internationally and would help in the betterment of the Indian auto industry as well.
“Both dealers and component manufacturers also felt that it would have been easier to predict the ongoing slowdown in auto sales if retail numbers were reported, helping all in their inventory management and would have kept all better placed in facing these dynamic times,” Kale wrote in the letter.
FADA has been advocating this since November 2018 and many of its members have also done the same with their respective original equipment manufacturer (OEM’s) and have received a positive response of accepting it, given if it becomes an industry practise, Kale added.
“Hence, I request you to please use your good offices to impress upon all the members of SIAM as well to report retail sales which is now available in VAHAN,” noted the FADA president.
As per the data released by SIAM earlier this week, vehicle sales across categories, including passenger vehicles (PVs) and two-wheelers and commercial vehicles (CVs) saw steepest fall on record by 23.55 per cent at 18,21,490 units in August as against 23,82,436 units in August 2018.
Similarly, domestic PV sales saw its worst-ever fall in two decades last month, slumping by 31.57 per cent to 1,96,524 units from 2,87,198 units in the year-ago period.
As per retail sales data also provided by SIAM, total automobile sales declined by 4.15 per cent to 16,00,376 units as compared with 16,69,751 units in August 2018.