September 20, 2020

Maruti Suzuki, Hyundai lead PV gross sales progress in August



New Delhi: Month-to-month passenger automobile gross sales shot up in robust double digits for the primary time in practically two years, as regular retail demand coupled with easing of constraints within the provide chain after the lockdown helped producers produce and dispatch extra automobiles in August.

The trade estimates round 234,000 passenger automobiles have been dispatched from factories final month, an about 20% enhance in contrast with 195,800 items a 12 months nearlier. In August final 12 months, the wholesale quantity had fallen nearly 32% and that low base aided the year-on-year comparability for final month. The estimated gross sales for final month have been 18% greater than in July.

Business automobile firms continued to report decrease gross sales from a 12 months earlier, however the numbers elevated sequentially.

Automakers in India report wholesale dispatches from factories to sellers and never retail gross sales made to prospects.

Trade numbers have been buoyed by the efficiency of the nation’s prime two carmakers, Maruti Suzuki and Hyundai Motor India — gross sales for each grew by a fifth within the native market.

Maruti Suzuki reported progress of 21.3%, dispatching 113,033 passenger automobiles to dealerships in India. Whereas gross sales of mini automobiles Alto and S-Presso practically doubled at 19,709 items, these of compact automobiles (Swift, DZire, Tour S,Baleno, Celerio, Ignis and WagonR) rose over 14% to 61,956 items. The midsize

sedan Ciaz although noticed a 23% fall in gross sales at 1,223 items. Wholesale volumes within the utility automobile phase (Ertiga, XL6, Vitara Brezza, S-Cross) elevated 13.5% to 21,030 items.

Hyundai Motor India’s gross sales rose 20% to 45,809 items. Tarun Garg, its director of gross sales, advertising and marketing & service, mentioned: good response to the brand new Creta, Verna, Tucson, Nios, Aura and just lately launched Venue had helped the efficiency. “We wish to keep it up with cautious optimism as uncertainty nonetheless surrounds the pandemic,” he mentioned.

At homegrown automaker Mahindra & Mahindra, wholesale volumes grew marginally to 13,651 items.

Chief government (automotive division) Veejay Nakra mentioned: “At Mahindra, we proceed to see good restoration in demand each for SUVs and pick-ups within the small industrial automobiles phase … We’ve been in a position to meet the uplift in demand by managing the availability chain challenges and, going ahead, will proceed to maintain our give attention to it.”

Toyota Kirloskar Motor reported a 48% plunge in gross sales to five,555 items. Volumes, nevertheless, grew sequentially. Retail gross sales have been 25% greater than wholesales, the corporate mentioned.

“August witnessed a rise in demand for many of our fashions akin to pre-Covid instances, together with buyer enquiries and orders. Nonetheless, supplying automobiles from our finish (to sellers) posed a problem as a result of rising variety of Covid instances in Bangalore (its manufacturing unit is situated close to town) and its surrounding areas, the place most of our workforces reside,” mentioned Naveen Soni,senior vp (gross sales & service).

The corporate needed to ramp down manufacturing to a single shift to safeguard the well being and security of its staff, it mentioned. Within the two-wheeler phase, market chief Hero MotoCorp offered 568,674 items in

the home market, which is a rise of 8.5% over 524,003 items a year-earlier. The corporate mentioned it was witnessing robust retail off-take with rural and semi-urban centres driving demand.

Amongst industrial automobile makers, Ashok Leyland posted a 30% fall in gross sales from a 12 months earlier to five,824 items. However from July, its numbers elevated 36%. At VE Business Autos, volumes fell 31% on 12 months to 2,227 items.

Mitul Shah, vice-president (analysis), Reliance Securities, mentioned: “Regardless of the y-o-y decline in MHCV (medium and heavy industrial automobile) phase, sequential enchancment is outstanding … We count on auto quantity to stay robust over the following 2-Three months on the again of upcoming festivals, wholesome rural demand, city restoration put up unlocking and channel re-filling at sellers’ finish.”

Robust shopper sentiment in rural markets continued to augur effectively for tractor producers. Mahindra offered 23,503 tractors, a rise of 69% over a 12 months earlier. “We count on rural sentiments to stay optimistic and translate into sturdy tractor demand as we transfer into the festive interval,” mentioned Hemant Sikka, president (farm gear sector), M&M.

Sonalika Tractor registered its highest ever home progress of 80% up to now month, when it offered 8,205 tractors.