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Indian Auto Sector Shrugs off COVID19 Blues in July

Auto News - Published on Mon, 10 Aug 2020

Image Source: Coronavirus Lockdown Indian Auto Sector
Passenger vehicle sales numbers for the month of July 2020 show that the Indian auto industry seems to have made a strong recovery with the lockdown being lifted in a phased manner. Car sales showed a marked improvement on the previous month and are almost back to the same levels as a year ago.Carmakers in the country registered sales of 1,97,523 units last month, which is just one percent short of July 2019’s numbers and also a substantial 69 percent increase over June 2020’s figures of 1,16,969 units. An increasing need for personal mobility is expected to have been one of the contributing factors for the sharp recovery. While sales last year were already under pressure due to a wider economic downturn, the faster-than-expected return to normal in July 2020 signifies a reduction in the impact of the pandemic on the automotive market in India.

Society of Indian Automobile Manuacturers data shows that Indian auto industry declined by 75% YoY during the 1st quarter of 2020-21. The industry produced a total 1,486,594 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-June 2020 as against 7,213,045 in April-June 2019 with a decline of 79.4%. Passenger Vehicles domestic sales was 153,734 units in April-June 2020, compared to 712,684 units in April- June 2019, down by 78.4%. Commercial Vehicles sales was 31,636 units in April-June 2020 compared to 208,310 units in April-June 2019, down by 84.8%. Three-wheeler sales were 12,760 units in April-June 2020 compared to 149,797 units in April-June 2019, down by 91.5%. Two-wheeler sales were 1,293,113 units in April-June 2020, compared to 5,013,067 units in April-June 2019, down by 74.2%

Domestic PV Sales – July 2020
CompanyJuly'20July'19YoYJune'20MoM
Maruti Suzuki97,76896,4781.3%51,27490.7%
Hyundai38,20039,010-2.1%21,32079.2%
Tata15,00010,48543.1%11,41931.4%
Mahindra11,02516,831-34.5%8,07536.5%
Kia8,502--7,20018.1%
Renault6,4223,66075.5%4,63438.6%
Toyota5,38610,423-48.3%3,86639.3%
Honda5,38310,250-47.5%1,398285%
Ford3,9376,284-37.3%2,63949.2%
MG2,1051,50839.6%2,0124.6%
Volkswagen1,8872,521-25.1%1,51025%
Skoda9221,076-14.3%79016.7%
Nissan7841,304-39.9%57636.1%
FCA (Jeep)400511-21.7%25656.3%
TOTAL1,97,5231,99,534-1%1,16,96968.9%
 

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Posted By : Yogender Pancholi on Mon, 10 Aug 2020
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