There seems some rejoice for the automobile sector that recorded a marginal improvement in the sales numbers. Major automobile manufacturers in India reported their sales report for July 2021 early this week. As the second lockdown which started in the second half of April until the end of May 2021. Which created further uncertainties for the sector. However, June & July 2021 witnessed some sigh of relief with nominal movement in the sales numbers.
The market is still trying to cope up with the hit of BS6 implementation in 2019 & the pandemic since 2020.
Maruti Suzuki India
As per the reports, Maruti Suzuki India LTD recorded a total sales of 162,462 units in July 2021. With domestic sales recording, 136,500 units and OEM sold to others of 4,738 units. Maruti also exported 21,224 units as per the report.
However, the domestic sales in July’21 may be better than July’20. But we can not ignore the fact of pandemic disruptions that impacted the 2020 sales.
Similarly, Tata Motors LTD recorded sales of 54,119 vehicles in the international & domestic market. The domestic market solely recorded sale of 51,981.
Honda Cars India
Wherein, Honda Cars India Ltd (HCIL) recorded 6055 units of sale in the domestic market & 918 units being exported for July’21.
Toyota Kirloskar Motors
Toyota Kirloskar Motors (TKM) registered a total sale of 13,105 units in July 2021 & registering a growth of 49% in comparison to June 2021.
Mahindra Auto recorded a growth of 91% in the PV segment. Overall M&M LTD registered a sale of 42,983 units being sold which include passenger vehicles, commercial vehicles & exports). The commercial vehicle segment sold 20,797 units, the passenger vehicle segment sold 21,046 units & 2123 units were exported in July 2021.
With the lockdown being lifted to an extent the sales may still take a good amount of time to revive considering the shortage of semiconductor chips, the rising prices of fuel & the slow movement of electric vehicles and their infrastructure.
With the rising awareness of global warming & government incentives, the sector strongly believes that the Electric Vehicle segment shall revive the market. The rising fuel prices have somehow seen a rise in the sale of CNG & demand for Electric vehicles. However, the infrastructure for the charging stations seems to be a pullback for the EV’s.