14/06/2021

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Automotive Sales still patchy for November, Auto News, ET Auto

Quite a few of the distinguished brand names like Ford Motor India, Volkswagen, Nissan, Skoda and Renault remain in the unfavorable territory in November elevating uncertainties about the restoration in the passenger auto current market.

New Delhi: November was numb for the automotive marketplace. Maruti Suzuki India dropped. Hyundai India, its Korean arch-rival, obtained. They collectively dominate the Indian automobile current market and sign what is in retail store for 2021. Tata Motors, Kia Motors, Mahindra & Mahindra and Honda also obtained. Other distinguished brand names like Ford and Nissan have been web losers.

In November automobile gross sales in India have been envisioned to develop by about nine% yr-on-yr, but have been lessen than the October gross sales of about 3.34 lakh models. Domestic gross sales in November could be only in the range of 2.86 lakh models.

Maruti Suzuki’s whole domestic sale of 1,35,775 models was a drop of 2% about last yr, but a additional substantial margin fall from 1,sixty three,656 models marketed in October. The organization obtained on higher dispatches of five,623 models to its international ally Toyota in November 2020, against 2,286 models in the exact same thirty day period in 2019. It also obtained on the export front from the 30% surge to nine,003 models last thirty day period.

Nevertheless, Hyundai Motors India Ltd (HMIL), Tata Motors, Kia Motors Mahindra & Mahindra and Honda built the in general numbers balanced for the automakers in November 2020.

HMIL posted the highest ever November gross sales at forty eight,800 models in 2020. Tarun Garg, director – gross sales and promoting, HMIL reported, “Building on the potent momentum driven by festive need, Hyundai Motor India facilitated a gross sales advancement of nine.four % in November 2020 about the exact same period last yr. Apart from, aided by the balanced need for SUV models of Creta and Venue, there has been a consistent need for the recently-released i20 that contributed positively to the sustained advancement of the Indian automotive marketplace and economic system.

The need for other organizations remained sturdy with Tata Motors on a full resurgence, posted an amazing 108 per cent advancement to 21,641 models marketed last thirty day period from 10,400 automobiles marketed in 2019. The surge in passenger automobile gross sales assisted the organization to arrest the in general decrease in its portfolio to mere four per cent for November where by 47,859 have been marketed by the organization.

Supplied potent rural advancement and signs of improvement in financial routines, we are hopeful to see this beneficial momentum go on publish the festive year.Veejay Nakra, Chief Executive Officer, Automotive Division, M&M

Yet another amazing performer for the segment was Kia Motors that also is proving to be a potent contender for the prime a few placement in the PV segment. The wholly owned subsidiary of Kia Motors Company, managed its potent gross sales momentum for November by registering whole gross sales of 21,022 models with its Sonet dominating the compact SUV current market. Its Sonet gross sales of 11,417 models, assisted posta sturdy advancement of 50 per cent about the exact same period last yr.Its Taking care of Director and CEO Kookhyun Shim, “Since the Covid-19 outbreak, we have been fairly hopeful about the festive thirty day period and the success now are overpowering. Not only urban, but customers from tier II, III, and IV markets much too are acknowledging the need to have for personalized mobility to manage personalized security. We are expecting the current market sentiment to improve additional in coming months and we are assured that we will be ready to go on this beneficial momentum in future as properly.”

For the Mahindra’s the recently released Thar SUV proved to be a strike with its ‘Utility Vehicle’ segment, submitting seventeen,971 auto gross sales in November 2020, compared to fourteen,161 automobiles of November’19, a 27 per cent advancement.. The broader passenger automobiles segment (which contains UVs, Cars and Vans) marketed eighteen,212 automobiles in November 2020, a advancement of 24 per cent about the exact same period last yr.

“At Mahindra we are satisfied to achieve potent double digit advancement in SUVs in the course of the thirty day period of November, aided by a sturdy festive need for all our items. Supplied potent rural advancement and signs of improvement in financial routines, we are hopeful to see this beneficial momentum go on publish the festive year,” states Veejay Nakra, Chief Executive Officer, Automotive Division, M&M.

Analysts prediction was on the dot for the thirty day period of November. “Automobile gamers throughout segments delivered good volume overall performance in November 2020 with continuation of beneficial advancement trajectory. However the rate of advancement tapered down, good retail gross sales in the course of the just concluded festival supported in general overall performance in the thirty day period. Tractor segment after once more recorded balanced double digit advancement on the back again of a potent rural economic system and balanced agri output. We assume volume traction to go on for the automobile marketplace in coming months. With tractors to outperform strongly,” states Mitul Shah, Head Research at Reliance Securities.

Honda Cars India much too had a worthwhile festive year and clocked domestic gross sales of nine,990 models in November’20 as against six,459 models in corresponding thirty day period last yr, registering a advancement of 55 per cent.

Quite a few of the distinguished brand names like Ford Motor India, Volkswagen, Nissan, Skoda and Renault remain in the unfavorable territory in November elevating uncertainties about the restoration in the passenger auto current market.

The positivity continued for the two wheeler segment with Hero MotoCorp Ltd, the world’s major two-wheeler producer, marketed five,ninety one,091 models of bikes and scooters in November 2020, a fourteen per cent soar about last yr. This was mainly aided with its document retail gross sales that the organization registered in the lately concluded festival period, where by about fourteen lakh models have been retailed in the 32- working day period starting up from Navratras till Bhai-Duj.

“We have been repeatedly ramping up source and generation throughout the production models to cater to the enhanced need. We believe that the advancement in personalized mobility publish Covid-19 limits will more bolster the need for two-wheelers,” a senior Hero MotoCorp government reported.

Its arch-rival Honda’s domestic gross sales grew by a lessen 11 per cent to four,12,641 models in November’20 compared to 373,283 models a yr ago. YS Guleria, Director – Product sales & Marketing and advertising, Honda Bike & Scooter India reported, “If the 2nd quarter was about stabilizing the automotive ecosystem, the 3rd quarter is a little bit about restoration. The festive sentiments assisted us to improve retails with about a 1 million models mark crossed however once more in the two critical festival months October & November.

The Chennai-based TVS Motor carried out superior with a 21 per cent higher gross sales of 322,709 models in November 2020 as against 266,582 models in the thirty day period of November 2019. Backed by higher need for two-wheelers that grew 30 per cent registering gross sales of 247,789 models in November 2020 as against 191,222 models marketed in November 2019 in the domestic current market.

For India’s 3rd major two wheeler maker bike gross sales grew 26 per cent to 133,531 models in November about a hundred and five,963 models marketed in 2019. Scooter, where by it is the 2nd major soon after HMSI grew 26 to 106,196 models in November 2020 as against eighty four,169 models in November 2019.

For the legendary biker maker Royal Enfield November remained a flat thirty day period with 59,084 models marketed last thirty day period from the fifty eight,292 models marketed in the prior yr. Its cumulative gross sales jumped to sixty three,782 bikes in the thirty day period of November, against the gross sales of sixty,411 bikes for the exact same thirty day period last yr, higher six per cent this yr.

Infographic: Domestic Automobile Product sales

OEMs FY’21 FY’20 %Improve
Maruti Suzuki 135,775 139,133 -2.four
Hyundai forty eight,800 forty four,600 nine.four
Tata Motors 21,641 10,400 108
Mahindra eighteen,212 fourteen,637 24
Kia 21,022 11,417 50
Honda Motors nine,990 six,459 55
Toyota Kirloskar Mts 8,500 8.,312 2
MG Motors four,163 3,329 29
Hero MotoCorp five,75,957 five,05,994 fourteen
HMSI four,12,641 3,seventy three,283 11
TVS 2,47,789 1,ninety one,222 30
Bajaj 1,88,196 1,76,337 7

Source: Automobile Field