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Archives

February car sales remain in red

16/03/2020 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

February car sale declines

Passenger car market remained in the negative territory in the month of February witnessing a 6.7 per cent decline to 2,50,698 units compared to 2,68,843 units sold during the same month last year.  Two-wheelers and CVs, too, didn’t fare any better during the month, according to the latest industry data.
 
Apart from the general economic slowdown, one reason being attributed to low sales last month is consumers’ anticipation of discounts on the possibility of liquidation of BS-IV stock from the market both by automakers and the dealers. Covid-19 virus, which is spreading fast across the globe, is also being cited as a factor affecting sales during the month. 
 
The country’s largest carmaker, Maruti Suzuki India’s total sales were down 1.1 per cent year-on-year at 1,47,110 units compared to an estimated 1,46,045 units during the same month last year. Its total domestic vehicle sales were down by 3.6 per cent at 1,36,849 units. Exports went up by 7 per cent at 10,261 units.
 
For the second largest carmaker Hyundai India, the decline was even higher, at 7.2 per cent. The company sold 40,010 units in the month of February, compared to 43,110 units sold in the same month last year.
 
Tata Motors’ total sales were down 32 per cent at 40,634 units compared to the estimated 44,772 units while the domestic sales saw a decline of 34 per cent at 38,002 units. The commercial vehicle sales of Tata Motors were down 33 per cent at 28,086 while passenger vehicle sales fell 31 per cent at 12,430 units.
 
Mr Mayank Pareek, PVBU, Tata Motors Ltd. said, "The outbreak of Covid-19 in China and a recent fire incident at one of our strategic vendors affected the vehicle production and the wholesale volume.”
 
The total sales of Mahindra & Mahindra were down 42 per cent in February at 32,476 units. While its domestic sales fell 42 per cent at 30,637 units, exports were down 40 per cent at 1839 units. The sale of the company’s tractors was higher by 19 per cent at 22,561 units. Though the domestic sale of tractors was up 21 per cent to 21,877, exports fell 22 per cent to 684 units.
 
MG Motor saw a decline of 56 per cent in the month of February at 1,376 units owing to the supply crisis for its popular model Hector compared to the last month. Mr Rakesh Sidana, Director Sales, MG Motor India, said, “The unforeseen coronavirus outbreak has severely affected our European and Chinese supply chains, disrupting our production and impacting our sales in February and will continue through March.”
 
In the CV segment, Ashok Leyland saw 37 per cent slump in total sales to 11,475 units in February. Domestic sales, too, fell 39 per cent to 10,612 units. The commercial-vehicles maker sold 7,368 heavy-duty trucks and buses in the domestic market during the month, a 45 per cent decline from the year-ago period. 
 
The sales of Eicher Motors grew 1 per cent year-on-year to 63,536 units. Models with engine capacity up to 350 cc remained flat at 57,292 while those exceeding 350 cc rose 11 per cent to 6,244 vehicles.
 
Among the two-wheelers, the country’s largest two-wheeler maker Hero MotoCorp Ltd. witnessed a decline of 19 per cent in sales at 4,98,242 units. During the month, Hero MotoCorp sold 4,79,310 motorcycles while the rest were scooters. Its exports for the month stood at 18,046 units. 
 
Bajaj Auto reported a 10 per cent slump in its wholesale numbers for February at 3,54,913 units. While domestic motorcycle sales fell 21 per cent to 1,46,876 units, their exports rose 15 per cent to 1,63,346 units. The total motorcycle sales of the company fell 5 per cent 3,10,222 lakh units, while CV sales declined 38 per cent. 
 

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