Desma

By MT Bureau| Oct 16, 2020

PVs Grow 26.45% and 2Ws Grow 11.64% in September 2020: SIAM Report

SIAM (Society of Indian Automotive Manufacturers) recently released the sales report of the Indian Automotive manufacturing industry for the month of September 2020.

Passenger vehicles and two-wheelers have shown signs of recovery in the second quarter, although on a very low base of previous year, said, Kenichi Ayukawa, President, SIAM. Talking on the September 2020 data, Ayukawa said, “The Indian automotive industry is working hard amidst this tough COVID-19 situation to increase production and sales, while ensuring the safety of customers and employees across the whole value chain.”

Below you will find the SIAM report for the month of September 2020.

The total production of Passenger Vehicles (PV), Three Wheelers (3Ws), Two Wheelers (2Ws) and Quadricycle in the month of September 2020 was 2,619,045 units, as against 2,344,328 units in September 2019, marking a growth of 11.72 percent.

SIAM report September 2020

Domestic Sales:
• Passenger Vehicle sales was 272,027 units in September 2020, compared to 215,124 units in September 2019, with a growth of 26.45 percent.
• Three-wheeler sales was 18,640 units in September 2020 compared to 66,362 units in September 2019 marking a decrease by 71.91 percent.
• Two-wheeler sales was 1,849,546 units in September 2020, compared to 1,656,658 units in September 2019, with a growth of 11.64 percent.

SIAM report for September and five year comparison

Quarterly Performance: July-September 2020 (Q2 FY-21)
Production: 
The total production of Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-September 2020 was 6,698,931 units, as against 7,209,133 units in April-September 2019, marking a degrowth of 7.08 percent.

SIAM Report July-Sept 2020

Domestic Sales:
• Passenger Vehicle sales was 726,232 units in September 2020, compared to 620,620 units in September 2019, with a growth of 17.02 percent.
• Commercial Vehicle# sales was 133,524 units in September 2020, compared to 167,173 units in September 2019, with a de-growth of 20.13 percent.
• Three-wheeler sales was 45,902 units in September 2020 compared to 180,899 units in September 2019 marking a decrease by 74.63 percent.
• Two-wheeler sales was 4,690,565 units in September 2020, compared to 4,682,571 units in September 2019, with a marginal growth of 0.17 percent.

Half yearly Performance: April - September 2020 (H1 FY-21)
Production: 
Total production of Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two
Wheelers and Quadricycle in April-September 2020 was 8,185,672 units as against 14,422,179 units in April-September 2019 with a decline of 43.24 percent.

SIAM Report April-Sept 2020

Domestic Sales:
• Passenger Vehicle sales was 879,966 units in April-September 2020, compared to 13,33,304 units in April-September 2019, down by 34 percent.
• Commercial Vehicle sales was 165,160 units in April-September 2020 compared to 375,483 units in April- September 2019, down by 56.01 percent.
• Three-wheeler sales was 58,662 units in April-September 2020 compared to 330,696 units in April-September 2019, down by 82.26 percent.
• Two-wheeler sales was 5,983,678 units in April-September 2020, compared to 9,695,638 units in April-September 2019, down by 38.28 percent.

All the above mentioned data does not include from BMW, Mercedes, Tata Motors, Volvo Auto, Daimler and Scania.

Commenting on the September 2020 data, Rajesh Menon, Director General, SIAM said, “In the month of September 2020, Auto Industry witnessed improvement in the sales of Passenger Vehicles by 26.45 percent and two-wheelers by 11.64 percent, while sales of three-wheelers registered a degrowth of 71.91 percent, as compared to September last year. Further, in the Quarter, July-September 2020, Passenger Vehicles grew by 17.02 percent, Two-Wheelers grew by 0.17 percent, Three-Wheelers saw a de-growth of -74.63 percent and sales of Commercial Vehicle declined by 20.13 percent, compared to the same Quarter in 2019.”

Kenichi further added, “Thanks to government intervention, auto loan interest rates are below eight percent, the lowest in a decade and that should encourage customers to purchase new vehicles. Commercial vehicle and three-wheeler sales are still in the negative growth zone. We are proud that with the last of crash safety standards implemented in October 2020, India is almost at par with Europe on safety and emission standards. The Indian Automobile industry will continue to contribute to the economy, environment and society.”


 

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