After a month of zero sales in April, the auto producers reported a pointy decline in their year-on-year sales numbers in May.
Despite the tepid present, auto firms are hopeful of an upturn and extra traction in sales on the again of phased lifting of lockdown in the approaching days.
For occasion, passenger carmaker Maruti Suzuki India (MSIL) bought 13,865 items in the home market and 23 items to different OEM (Toyota Kirloskar Motor) throughout May. Including exports, it bought a complete of 18,539 items throughout the month.
The firm had bought 1,21,018 items in the home market in May 2019, which suggests there’s a stoop of 88 per cent y-o-y.
Hyundai Motor India reported sales of 6,883 items in the home market in May, down 84 per cent y-o-y, in contrast with 42,502 items in the corresponding month final yr.
“In an extremely challenging market environment, HMIL made a humble beginning towards normalcy by registering cumulative sales of 12,583 for the month of May. This performance was made possible on account of strong customer interest and demand pull generated by trendsetter brands like the all new Creta, new Verna, Venue, Elite i20 and Grand i10,” Tarun Garg, Director (Sales, Marketing & Service), HMIL, stated. Toyota Kirloskar Motor (TKM) bought 1,639 items in the month, in contrast with 12,138 items in the corresponding month final yr.
“The market has been slow and with demand being less, we have been able to wholesale only 20 per cent of what we would have clocked under a normal situation,” Naveen Soni, Senior Vice-President, Sales and Service, TKM, stated.
Mahindra & Mahindra reported 81 per cent decline y-o-y at 3,867 items in contrast with 20,608 items in May 2019.
“Our performance during May has been muted, due to the challenges the industry is facing. We have opened 70 per cent of our dealerships and retail sales have begun. We are seeing initial traction for our small commercial vehicles and SUV brands such as the Bolero and Scorpio,” Veejay Nakra, Chief Executive Officer, Automotive Division, M&M, stated.
In the two-wheeler phase, Hero MotoCorp reported sales of 1,06,038 items throughout the month, a decline of 82 per cent y-o-y, in contrast with 6,06,216 items in May final yr.
Tamil Nadu-based TVS Motor reported 83 per cent decline y-o-y in home sales to 41,067 items (2,36,807 items).
Similarly, Royal Enfield reported 18,429 items in May, a decline of 69 per cent, in contrast with 60,211 items in the corresponding month final yr.
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