26.45% Rise in India’s Sept. Passenger Vehicle Sales

  • 2020-10-17 12:00:00
  • Reporter

 

Review of Sept Sales, July -Sept 2020 Sales, April-Sept 2020 Sales 

SIAM (Society of Indian Automobile Manufacturers) recently released data regarding the sales performance of the country’s auto industry in September 2020, for the April to September period and for the July to September 2020 quarter. The robust sales figures for September were cheering, especially as the half year period started with the dismal figures for April 2020, when India was under a strict coronavirus-related lockdown. 

Monthly Performance: September 2020 

Production: The total production of Passenger Vehicles (excluding data from BMW, Mercedes Benz, Tata Motors and Volvo), Three Wheelers, Two Wheelers and Quadricycles in India during September 2020 rose 11.72% at 2,619,045 units, compared to 2,344,328 units in September 2019. 

Domestic Sales: 

• Passenger Vehicle sales rose 26.45% at 272,027 units in September 2020, compared to 215,124 units in September 2019. 

• Three-wheeler sales fell by 71.91% to 18,640 units in September 2020 compared to 66,362 units in September 2019. 

• Two-wheeler sales were at 1,849,546 units in September 2020, compared to 1,656,658 units in September 2019, with a growth of 11.64%. 

Quarterly Performance: July-September 2020 (Q2 FY-21) 

Production: The total production of Passenger Vehicles (excluding data from BMW, Mercedes Benz and Volvo), Commercial Vehicles (excluding data from Daimler and Scania), Three Wheelers, Two Wheelers and Quadricycles in April-September 2020 fell 7.08% at 6,698,931 units, as against 7,209,133 units in April-September 2019. 

Domestic Sales: 

• Passenger Vehicle sales rose 17.02% at 726,232 units in September 2020, compared to 620,620 units in September 2019. 

• Commercial Vehicle sales were down 20.13% at 133,524 units in September 2020, compared to 167,173 units in September 2019. 

• Three-wheeler sales plunged by 74.63% to 45,902 units in September 2020 compared to 180,899 units in September 2019.  

• Two-wheeler sales were at 4,690,565 units in September 2020, compared to 4,682,571 units in September 2019, showing marginal growth of 0.17%. 

Half yearly Performance: April - September 2020 (H1 FY-21) 

Production: India’s total production of Passenger Vehicles (excluding data from BMW, Mercedes Benz and Volvo), Commercial Vehicles (excluding data from Daimler and Scania), Three Wheelers, Two Wheelers and Quadricycles in April-September 2020 fell 43.24% to 8,185,672 units as against 14,422,179 units in April-September 2019. 

Domestic Sales: 

• Passenger Vehicle sales were down by 34% at 879,966 units in April-September 2020, compared to 13,33,304 units in April-September 2019. 

• Commercial Vehicle sales fell by 56.01% to 165,160 units in April-September 2020 compared to 375,483 units in April- September 2019. 

• Three-wheeler sales plummeted by 82.26% to 58,662 units in April-September 2020 compared to 330,696 units in April-September 2019. 

• Two-wheeler sales fell by 38.28% to 5,983,678 units in April-September 2020, compared to 9,695,638 units in April-September 2019. 

Commenting on the September 2020 data, Mr. Rajesh Menon, Director General, SIAM said “In the month of September 2020, Auto Industry witnessed improvement in the sales of Passenger Vehicles by 26.45% and two-wheelers by 11.64%, while sales of three-wheelers registered a degrowth of -71.91%, as compared to September last year. Further, in the Quarter, July-September 2020, Passenger Vehicles grew by 17.02%, Two-Wheelers grew by 0.17%, Three-Wheelers saw a de-growth of -74.63% and sales of Commercial Vehicle declined by -20.13%, compared to the same Quarter in 2019.” 

Commenting on the September 2020 data, Mr .Kenichi Ayukawa, President, SIAM said “The Indian automotive industry is working hard amidst this tough COVID-19 situation to increase production and sales, while ensuring the safety of customers and employees across the whole value chain. 

In Quarter-2 some segments have shown signs of recovery. Passenger Vehicles and Two Wheelers are positive, although on a very low base of previous year. We are expecting good demand in the festive season starting tomorrow. Thanks to government intervention, auto loan interest rates are below 8%, the lowest in a decade and that should encourage customers to purchase new vehicles. Commercial vehicle and three-wheeler sales are still in the negative growth zone. 

We are proud that with the last of crash safety standards implemented in October 2020, India is almost at par with Europe on safety and emission standards. The Indian Automobile industry will continue to contribute to the economy, environment and society.” 

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