The majority of automakers reported a triple-digit increase in wholesale numbers for March 2021, largely based on last year’s low sales. A year ago, a nationwide lockdown implemented on March 22, 2020, along with the move to new emission norms, dampened sentiment. Vehicle manufacturers said the epidemic-driven preference for personal mobility boosted demand.
The country’s largest carmaker Maruti Suzuki India (MSI) sold more than 1.46 lakh passenger vehicles in the domestic market last month as compared to 76,240 units in March 2020 and 1.45 lakh in March 2019. 18% due to COVID related factors affecting and known causes in FY20-21. Home sales declined by nearly 48% in March 2020 due to COVID-related disruptions. It will be seen that domestic sales in March 2021 only reached the level of March 2019.
It stated that for the full fiscal year 2020-21, it recorded total sales of around 14.57 lakh units, which is 6.7% lower than FY 2015. Total sales include domestic sales of 13.23 lakh units, sales of 38,326 units to other OEMs and exports of 96,139 units.
Hyundai Motor India said its domestic sales saw 100% year-on-year growth of 52,600 units, while Honda Cars reported 92% domestic sales growth of 7,103 units.
Rajesh Goyal, Senior VP and Director, Marketing and Sales, Honda Cars India, said, “FY2019a is an unprecedented year with COVID-led challenges, but the industry showed great resilience and made considerable recovery during the unlock phase. .. injected Buoya’s customers. Fresh passion in the market and we are striving to maintain the pace of growth in the future. “
However, Mr. Goyal stated that the supply shortage due to the continued global shortage of semiconductors has affected their production volume and dispatch, especially for the Honda City model in March 2021.
For Tata Motors, domestic passenger vehicle sales stood at 29,654 units as compared to 5,676 units in March 2020. Sailesh Chandra, president of the passenger vehicle business unit, said, “Tata Motors PV business posted its highest ever sales in 9 years on March 21. Q4 FY21. Posting a growth of 69% vs. FY20 in FY15 The business recorded its highest annual sales in 8 years. “
Tata Motors’ commercial vehicle sales also saw a jump of 36,955 units from just 5,336 units a year ago. Girish Wagh, President, Commercial Vehicles Business, said, “M&HCV and ILCV continued to lead growth rates of 48% and 34% respectively in the previous quarter due to improved consumer sentiment, consolidation in freight rates and road construction. Higher demand including. And mining
Mr. Waugh said that the company continued to monitor and work on the supply chain, particularly to improve the availability of electronic devices. “We are also reviewing our business continuity plans in view of the increasing cases of COVID-19 in the country,” he said.
Toyota Kirloskar Motor sold 15,001 units in March, an increase of 114% from a year earlier. . Senior VP Naveen Soni said, “The demand for personal mobility is still increasing as we are seeing an increase in both inquiries and customer orders.”
Mahindra & Mahindra saw sales of 16,700 passenger vehicles up 94% last month, while commercial vehicle sales increased to 17,116 from 1742 companies. Vijaya Nakra, CEO of Automotive Division said, “We are seeing a very good momentum in demand and there is a strong pipeline of bookings in our SUV range… We expect the supply to last for the next 2-3 months and then run out easily Will go. Slowly.”
In the two-wheeler segment, market leader Hero MotoCorp sold 5.44 lakh units in the domestic market, while its highest sales in the global business (GB) were 32,617 units in a month. Naveen Chauhan, Head – Sales and Aftersales, said, “FY 2015 has been a period of rapid revival and setting new milestones, despite the backdrop of a significant decline in the automotive market.”
Chennai-based TVS Motor Company said domestic two-wheeler sales grew 115% in March 2021 with sales of over 2.02 units, while Royal Enfield saw sales rise 84% to 60,173 units.
Commercial vehicle manufacturer Ashok Leyland saw sales of 15,761 units last month from 1,734 units in March 2020. Similarly, VE commercial vehicles recorded sales of 7,037 units as compared to 1,499 units in March 2020.
M & M’s Farm Equipment Sector (FES) saw domestic sales of 29,817 units in March 2020 as against 13,418 units in the previous month. Tractor company president Hemant Sikka said, “The impact of the lower base has been on a sustained positive sentiment. Healthy reservoir levels, higher MSP and increased liquidity have led to strong wholesale growth in March. Tractor demand is expected to remain strong. Rabi Harvesting is getting better with the onset of sowing of summer crops in select markets. “
Similarly, sales of Sonalika Tractors saw a 135% growth of 13,093 units. The company said that it recorded its annual sales of more than 1.39 lakh tractors in FY15.
Domestic tractor sales of Escorts Limited Agri Machinery segment (EAM) in March 2021 were 11,730 tractors as against 5,228 tractors in March 2020. “Tractor demand is expected to continue at a high level Rabi Production, favorable crop prices and early positive forecasts of the 2021 monsoon season all support rural customer sentiment. However, rising inflation remains a matter of concern. ‘
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