With lockdown rules eased, individuals have started to go back to their normal lives, of course with new social distancing policies and extra care with regards to hygiene and safety from the notoriously infectious CoronaVirus/COVID-19. The automobile industry which has seen a major downfall with many companies registering nearly 90% negative sales during the pandemic have now posted their sales performance reports for the month of July 2019.
Following is an OEM wise glimpse of how each manufacturer has scored in the period of July 2020:-
MG Motor India one of the youngest brand’s in the car market space in India has announced that the brand has recorded 40% increase in retail sales for the month of July 2020 at 2,105 units, as compared to 1,508 units sold July 2019. The brand launched the MG Hector Plus, a 6-seater SUV based on the MG Hector and is believed to encourage more traction in terms of sales especially during the upcoming festive season.
Maruti Suzuki India Limited has reported domestic sales of 100,000 units and 1,307 units for other OEMs in the domestic market in addition to 6,757 units exported in July 2020. The brand has posted a total sales of 108,064 units in July 2020 which shows a growth of 88.2% over June 2020 and a fall of 1.1% over July 2019.
Toyota Kirloskar Motor (TKM) announced a sales of 5386 units in the month of July 2020 which is a 40% growth in wholesales when compared to June 2020. The company sold a total of 3866 units in the month of June 2020 and as compared to the last year the company had sold a total of 10,423 units in the domestic market in June 2019 and exported 868 units of the Toyota Etios.
Hyundai Motor India Ltd (HMIL) has reported cumulative sales of 41,300 units of vehicles out of which 38,200 units were sold in the domestic market and 3,100 units in the export markets in July 2020.
Mahindra and Mahindra’s Passenger Vehicles division has posted 11,025 units sold in July 2020 as compared to 16,831 units sold in July 2019. The Commercial Vehicles departs has registered 13,103 units sold in July 2020 against 15,969 units vehicles in July 2019. Exports for the month of July 2020 stood at 1,467 vehicles. The overall sales (Domestic+Exports) stood at 25,678 vehicles in July 2020, compared to 40,142 vehicles during July 2019.
Honda Cars India Ltd (HCIL) has registered the sales of 5,383 units in the domestic market in July 2020 where exports stood at 282 units in July 2020. In July 2019 10,250 units in the domestic market. The company had despatched 1,398 units in June’20.
Volvo Cars have reported sales of 62,291 units in July 2020 in the US, Europe and China. In the US sales reached to 9,697 units while Europe reached 28,700 units and China reported 14,410 cars sold.
In the two-wheeler industry, Suzuki Motorcycle India Pvt. Ltd. (SMIPL) posted a sales report with 31,421 units sold in the domestic market and exports of 2,991 units in July 2020 which is a 37% gain as compared to the sales in the previous month.
Hero MotoCorp has continued to register a month-on-month sales growth for the third consecutive month since operations resumed with the sales of 514,509 units of motorcycles and scooters in July 2020, a sequential growth of 14% as compared to June 2020.
Royal Enfield has reported a sales figure with 37,925 units sold in the domestic market and 2,409 units exported, bringing the total to 40,334 units. The brand had reported sales of 38,065 units in the month of June 2020. The brand also reported that it had sold 54,185 motorcycles in July 2019.
TVS Motor Company registered a sales of 252,744 units in July 2020 as against 198,387 units in June 2020 which is a growth of 27% as compared to last month. The company’s two-wheeler arm has registered sales of 243,788 units in July 2020 as against 265,679 units in July 2019 where the domestic market registered sales of 189,647 units in July 2020 as against 208,489 units in July 2019. The Company’s total exports registered sales of 62,389 units in the month of July 2020 as against 69,994 units in July 2019. The three-wheeler arm has reported sales of 8,956 units in July 2020 as against 13,786 units in July 2019.
Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) has registered the domestic dispatch of 3,09,332 units of two-wheelers in July 2020, as compared to 2,02,837 units of two-wheelers sold in June 2020, showing a growth of 53%. The brand also exported 12,251 units in July 2020 as compared to 8,042 units exported in June 2020 which is a positive rate of 52%.
Bajaj Auto has registered sales of 1,58,976 units in the domestic market for the two-wheeler and commercial vehicle combined and the brand exported 96,856 units for both two-wheeler and CV. To further bifurcate, the brand sold 1,52,474 units of two-wheelers in the domestic market and 86,082 units of two-wheelers as exports. The brand sold 6,502 units of CV in the domestic market and 10,774 units of commercial vehicles were exported in July 2020.