Passenger automobile gross sales rise 17% in Q2 on festive push

NEW DELHI: Because the festive season kicks in, automotive corporations reported larger deliveries to dealerships in view of the anticipated demand rise. Passenger automobile deliveries to sellers elevated by 26% to 2.7 lakh items in September as towards 2.1 lakh items in the identical month final yr, based on numbers launched by trade physique Siam.
Two-wheeler deliveries additionally rose 12% to 18.5 lakh items, in contrast with 16.6 lakh items in September final yr. Whereas motorbike gross sales have been at 12.2 lakh items (10.four lakh in September 2019) at a progress of 17%, scooter gross sales have been additionally up marginally at 5.6 lakh items towards 5.5 lakh items in the identical month final yr.
Within the July-September 2020 quarter, passenger autos gross sales elevated 17% to 7.three lakh items from 6.2 lakh items in the identical interval of final fiscal. Twowheeler gross sales throughout the September quarter this fiscal rose marginally to 46.9 lakh items as in contrast with 46.eight lakh items in the identical interval final fiscal.

Nonetheless, industrial autos gross sales noticed a dip of 20% at 1.three lakh items within the quarter below evaluate as in contrast with 1.7 lakh items in July-September 2019. Automobile gross sales throughout classes throughout the second quarter declined marginally to 55.9 lakh items as towards 56.5 lakh items in the identical interval of the earlier fiscal. Firms are pinning their hopes on the festive push. Demand has been difficult this yr as components like financial slowdown and job losses in metro cities have saved a lot of patrons away.
Firms say some indicators of positivity are being observed. Toyota was the one notable firm to have witnessed a decline in year-on-year gross sales in September (-20%), whereas others comparable to Maruti Suzuki, Hyundai and Honda Vehicles grew by double digits. For Tata Motors and Kia, the numbers grew by 162% and 147% respectively on the again of latest fashions. On the two-wheeler facet, Hero Moto, Honda and Royal Enfield reported progress.
Maruti, nevertheless, cautioned that the expansion must be seen with the context that final September was a “low base” interval. Firms say that any credible restoration will solely be confirmed as soon as the festive demand and developments are clearer.
Nonetheless, present numbers are being cheered. “Within the altering enterprise surroundings, the inexperienced shoots of restoration are clearly seen with gross sales bettering on a monthon-month in addition to yearon-year foundation… We’re assured that the approaching festive season will drive the market on a gradual restoration path with constructive buyer sentiments,” stated Tarun Garg, director at Hyundai India.

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