MUMBAI, 11 AUGUST, 2020 (GPN): SIAM- AUTO INDUSTRY Sales Performance of July & April-July 2020

MONTHLY PERFORMANCE: JULY 2020

PRODUCTION: The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers and Quadricycle in the month of July 2020 was 1,715,514 units, as against 2,428,518 units in July 2019
with a de-growth of (-) 29.36%.

DOMESTIC SALES:
• Passenger Vehicles* sales was 182,779 units in July 2020, compared to 190,115 units in July 2019 marking a decrease by (-) 3.86%.
• Three-wheeler sales was 12,728 units in July 2020 compared to 55,719 units in July 2019 marking a decrease by (-) 77.16%.
• Two-wheeler sales was 1,281,354 units in July 2020, compared to 1,511,717 units in July 2019 marking a decrease by (-) 15.24%.

PERFORMANCE APRIL – JULY 2020

Production : Total production of Passenger Vehicles**, Three Wheelers, Two Wheelers and Quadricycle in April-July 2020 was 3,173,169 units as against 9,408,000 units in April-July 2019 with a decline of (-) 66.27%. 

DOMESTIC SALES:
• Passenger Vehicles** sales was 336,513 units in April-July 2020, compared to 902,799 units in April-July 2019, down by (-) 62.73%.
• Three-wheeler sales was 25,488 units in April-July 2020 compared to 205,516 units in April-July 2019, down by (-) 87.60%.
• Two-wheeler sales was 2,574,467 units in April-July 2020, compared to 6,524,784 units in April-July 2019, down by (-) 60.54%

(* BMW, Mercedes, Tata Motors & Volvo Auto data is not available.
** BMW, Mercedes & Volvo Auto data is not available, Tata Motors data is only available for Apr-June.)

Commenting on the July 2020 data, Mr Rajesh Menon, Director General, SIAM said “The month of July was significantly better than the preceding months and it instilled some confidence into the industry. Many OEMs have registered improved sales vis-à-vis the past few months, and this brings back a sentiment of resolve to the sector.”

Mr Rajan Wadhera, President, SIAM stated “After few consecutive of months of plummeted sales in a post-Covid scenario, there are signs of Green-Shoots in Passenger vehicles and Two-Wheelers, where the Year-on-Year de-growth is much lesser than the previous months. The sales numbers in the month of August would indicate, if this is a sustainable demand and not just a pent-up demand”

Passenger vehicle (PV) wholesales in India witnessed a 3.86 per cent fall to 1,82,779 units in July, according to data from the Society of Indian Automobile Manufacturers (SIAM).

The wholesale figure had stood at 1,90,115 units in the corresponding month of the previous year.

The July PV sales are significantly better than June when the despatches had declined by 49.59 per cent at 1,05,617 units as against 2,09,522 units in the same month last year, SIAM stated. The figures instilled some confidence in the industry, it added.

According to the latest data, two-wheeler sales were down 15.24 per cent in July to 12,81,354 units as compared with 15,11,717 units in the same month last year.

Motorcycle sales were at 8,88,520 units, against 9,34,021 units in July 2019, down 4.87 per cent.

Scooter sales were also down 36.51 per cent at 3,34,288 units, compared with 5,26,504 units in the year-ago month.

The sales numbers in August would indicate if this is a sustainable demand and not just a pent-up demand, he added.

As per SIAM, the country’s leading carmaker Maruti Suzuki India sold 70,090 units last month as compared with 71,486 units in July 2019.

Hyundai Motor India wholesales stood at 19,828 units as compared with 22,776 units in the year-ago month.

In the two-wheeler segment, Hero MotoCorp wholesales last month stood at 5,06,946 units, down marginally from July 2019. Besides, Honda Motorcycle and Scooter India witnessed a dip of 32.02 per in its wholesales at 3,09,332 units in July as against the year-ago month. ENDS