Indian Auto Sector Makes an Enormously High Growth in the Q4 of the Fiscal Year.

The 4th quarter of the financial year 2020-21 ended earlier this week & leading automobile giants have reported their Q4 report. Most of the automobile manufacturers in India have reported a positive sales report.
Tata Motors Limited on 1st April 2021 announced its domestic & international sales report of a 505% growth only by the domestic sales of 66,609 units in March 2021 compared to 11,012 units in March 2020. Tata Motors saw a sale of 98,966 units in Q4 FY2020-21 which was 20% higher compared to the 3rd Quarter & 59% higher than Q4 of FY2019-20, continuing its consecutive growth.

Similarly, Maruti Suzuki India Ltd publicized total sales of 167,014 units in March 2021, wherein 149,518 units were through domestic sales. However, Maruti Suzuki India saw a downfall of 6.7% compared to FY2019-20.
In the financial year, 2019-20 Maruti Suzuki had sold 1,436124 units wherein in FY2020-21it recorded 1,323,396 units only.

Hyundai Motors India Ltd (HMIL) recorded a 100% growth by registering a cumulative sales of 64,621 units in March 2021 compared to the previous year March 2020. HMIL registered 52,600 units of domestic sales in March 2021 compared to 26,300 units in March 2020. HMIL also stated the record growth was backed by super performing brands like Creta, Venue, New Verna, NIOS & the new i20 which was awarded car of 2020.

Joining the wagon is Toyota Kirloskar Motors, breaking their eight-year jinks and sold 15001 units domestically in March 2021 and recorded 73% growth in the last spell of FY2020-21. Toyota Kirloskar Motors clocked 114% growth compared to March 2020.

Will the sector be able to sustain the growth momentum or will the second wave in India hinder the momentum is something only the upcoming period shall answer.

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