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Passenger Vehicle Sales Dip By 10%
According to the figures released by auto industry body SIAM, Passenger vehicle wholesales in India declined by 10 per cent to 2,61,633 units in April as compared to March 2021. Passenger vehicle sales in March 2021, stood at 2,90,939 units.
Photo Credit : Reuters
The Indian auto industry, which saw a slight uptick in numbers during Q4 FY 2020-21 (Jan-March) due to some pent-up demand post lockdown, is now again bearing the brunt of the second wave of the Covid-19 pandemic. With many states (including Delhi, Maharashtra) under lockdown and manufacturing premises of key OEMs (including Maruti Suzuki) shuttered, car and bike sales are expected to be impacted heavily in the next few days/months.
As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers declined by 33 percent to 9,95,097 units last month, as compared to 14,96,806 units in March. The sales of Motorcycle declined by 33 percent to 6,67,841 units, as against 9,93,996 in March this year while the scooter sales fell 34 percent to 3,00,462 units, from 4,57,677 units in March.
According to the figures released by auto industry body SIAM, Passenger vehicle wholesales in India declined by 10 per cent to 2,61,633 units last month as compared to March this year. Passenger vehicle sales in March 2021, stood at 2,90,939 units. There were no passenger vehicle sales in April 2020, due to coronavirus-led nationwide lockdown.
"As expected, the COVID wave has impacted the sales of vehicles in the month of April 2021. Sales of passenger vehicles fell by about 10.07 per cent, compared to March 2021, due to various restrictions in states which have been experiencing a surge in COVID-19 cases," said SIAM Director General Rajesh Menon.
In April, most of the auto manufacturers record a marginal decline compared to the sales in March 2021. Maruti Suzuki, India’s largest carmaker, sold 137,151 units during April. The company had clocked sales of 146,203 units in March 2021. Hyundai Motor India, the country’s second-biggest carmaker, recorded total sales of 59,203 units in the month of April 2021, vis-à-vis 49,002 units in March. Tata Motors, India’s third-biggest carmaker, delivered 25,095 during April 2021 as compared to 29,654 units in March 2021.
Hero MotoCorp has recorded a month-on-month (MoM) decline in sales of 35.47 per cent selling 3,72,285 units last month as compared to 5,76,957 units sold in March 2021. TVS sold 2,26,193 units of two-wheelers in April 2021 vis-a-vis 307,437 units in March 2021. Honda Motorcycle & Scooter India Pvt. Ltd.’s total sales (domestic + exports) for the month of April close at 283,045 units, with 283,045 units sales, with 240,100 units in the domestic market. It was far less than its total sales at 411,037 units (395,037 units in domestic market) during March’21.
Three-wheeler sales also declined by 57 per cent to 13,728 units, as compared to 31,930 units in March this year.