Domestic PV Sales Grow 13%: SIAM

The total production of Passenger Vehicles, Three Wheelers, Two Wheelers and Quadricycle in the month of December 2020 was 1,907,811 units, as against 1,750,347 units in December 2019 marking a growth of 9.0%.

Domestic Sales:

• Passenger Vehicles sales was 252,998 units in December 2020, compared to 222,728 units in December 2019, marking a growth of 13.59%. 
• Three-wheeler sales was 22,126 units in December 2020 compared to 53,795 units in December 2019 marking a decrease by (-) 58.87%. 
• Two-wheeler sales was 1,127,917 units in December 2020, compared to 1,050,038 units in December 2019, with a growth of 7.42%.

Performance: April - December 2020 Production: 

Total production of Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-December 2020 was 15,503,174 units as against 20,740,093 units in April-December 2019 with a decline of (-) 25.25 %.

• Passenger Vehicles sales was 1,777,874 units in April-December 2020, compared to 2,117,920 units in April-December 2019, down by (-) 16.06%. 
• Commercial Vehicles# sales was 358,203 units in April-December 2020, compared to 570,694 units in April-December 2019, down by (-) 37.23%. 
• Three-wheeler sales was 130,601 units in April-December 2020 compared to 507,254 units in April- December 2019, down by (-) 74.25 %. 
• Two-wheeler sales was 10,765,788 units in April-December 2020, compared to 13,913,795 units in April-December 2019, down by (-) 22.63 %

Commenting on the December 2020 data, Rajesh Menon, Director General, SIAM said “In the month of December 2020, the Auto Industry witnessed higher sales of Passenger Vehicles by 13.59% and Two Wheelers by 7.42% over a very low base of 2019. The sale of three wheelers continue to suffer a de-growth of (-) 58.87%, compared to December 2019.”

Commenting on the October - December 2020 data, Kenichi Ayukawa, President, SIAM said “Indian Automobile Industry appreciates the efforts of the Government to balance safety of people and revival of economy from the negative effects of the pandemic. Initiatives such as the announcement of PLI scheme, keeping interest rates very low, targeted spending in rural areas and continued focus on building road infrastructure, will help in our recovery process.

In Q3 FY20-21, Passenger Vehicle and Two Wheeler segments have shown some recovery, while Commercial Vehicle and Three Wheeler segments are still in the negative zone. However Q3 numbers could include an element of deferred demand of Q1. If we look at the cumulative numbers of the 9- month period from April to December 2020, it shows that sales of all segments are still behind by many years.

The market situation is dynamic and uncertain. Industry is facing a shortage of semiconductors, steel and shipping containers. There is also an impact of price increase of steel, logistics and other raw materials. Industry is working hard to get back to better volumes and better business health while ensuring safety and well-being of people across the whole value chain.”