The auto industry is the biggest boy in India. This industry is leading the sector’s crawl back to normalcy amid an easing coronavirus lockdown.
Tractors, needless to say, were the outlier. Mahindra and Mahindra Ltd. More tractors sold than sports utility vehicles for a 3rd straight month, but the company’s auto division—comprising passenger and commercial vehicles—made up lost ground.
Here’s a glance at the auto sales in July 2020, as reported by the businesses, in sequential also as year-on-year terms.
27.5% Sequentially TVS Motor Rose Sale In July 2020
TVS Motor employees work on the vehicle production line at the company’s factory in Karawang, Indonesia. (Photographer: Dimas Ardian/Bloomberg)
TVS Motor Co. Ltd. sold 2,52,744 units in July 2020—indicating a sequential growth of 27.46% and a decline of 9.56% from the year-ago period. The Chennai-based automaker had sold 1,98,387 units in June 2020 and a couple of,79,465 units in July 2019.
The company sold a complete of 1,06,062 motorcycles and 78,603 scooters last month.
6% Month-On-Month In July 2020 Royal Enfield Sales Rose
Royal Enfield sold 40,334 motorcycles in July 2020—indicating a sequential growth of 5.96% and a decline of 25.56% from the year-ago period. The two-wheeler arm of Eicher Motors Ltd. had sold 38,065 units in June 2020 and 54,185 units in July 2019.
Sales of up to 350cc motorcycles fell 19% year-on-year to 36,384 units.
Sales of 350cc+ motorcycles fell 57% year-on-year to three, 950 units.
Exports fell 52% year-on-year to 2,409 units.
Still, Royal Enfield claimed that its Interceptor 650 was the highest-selling motorcycle within the U.K. over the past 12 months, with the Himalayan coming in at fourth.
Eicher Motors expects increased demand for two-wheelers within the aftermath of the pandemic, as people are likely to shun conveyance thanks to fear of infection.
Royal Enfield is witnessing a robust initial customer interest with the gradual easing of the lockdown, Eicher Motors’ director Siddhartha Lal said within the company’s annual report for 2019-20. “We estimate increased demand for private transport and two-wheelers as people would be wary of using conveyance. This we believe will augur well for us and for the industry as an entire,” Lal said.
Royal Enfield, he said, continues to form concrete inroads to expand its retail network, while further strengthening its supply chain and therefore the vendor ecosystem.
37% Month-On-Month In July 2020 Suzuki Motorcycle Sales Rose
Sales of Suzuki Motorcycle India Pvt. Ltd. rose 37% sequentially to 31,421 units in July 2020. Exports stood at 2,991 units within the month gone.
“With the unlock phase, the car industry is now marching towards normalcy in terms of production, distribution, and sales while continuing to stick to all or any the precautionary measures,” Koichiro Hirao, director at Suzuki Motorcycle India, said during a statement on Saturday. “From August 2020, we’ll try our greatest to realize Pre-COVID-19 production and sales volume.”
5 Lakh Two-Wheelers Sold Over In July 2020 ( Hero MotoCorp )
Sales of Hero MotoCorp Ltd. are back at levels seen a year ago, underscoring a pointy rebound in two-wheeler demand within the aftermath of the coronavirus lockdown. India’s largest two-wheeler maker sold 514,509 motorcycles and scooters in July 2020—indicating a sequential growth of 14%. Wholesale dispatches reached quite 95% of July 2019 numbers, because of “strong retail sales thanks to the positive market demand”.
Motorcycle sales fell 2.37% year-on-year to 478,666 units.
Scooter sales fell 21.65% year-on-year to 35,843 units.
Two-wheeler exports fell 69.04% year-on-year 7,563 units.
To be sure, Hero MotoCorp still maintains “cautious optimism” on-demand trajectory going forward, as sales still are impacted by the micro-lockdowns in several parts of the country.
Production continues to build up at the company’s eight manufacturing facilities—six in India and two abroad. quite 95% of customer touchpoints also are operational, with strict safety measures and protocols in situ.
