Bikes, Scooters sales decline; Car, SUV on good numbers in August
Auto sales clocked their first double digit monthly growth for the year, selling 14 percent more PV 9passenger vehicles) in August from 2020..
SIAM (Society of Indian Automobile Manufacturers) data shows that wholesale volumes -those bought by dealers- of PVs closed 215,916 units in August 2020. The sales data does not have passenger vehicle numbers of Tata Motors since the company stopped sharing numbers since March-end. Strong pulls from the rural area, a slight revival in urban markets, festive buying and easier finance schemes helped revive volumes during the month.
Utility vehicles, which SUVs are a part of, grew by 15 percent during August 2020, commanding an unchanged share of 37 percent. Sales of passenger cars grew by 14 percent during the same month, holding a share of 58 percent. The remaining share is held by vans.
“We are beginning to observe growth, which is instilling confidence back into the industry, especially in the two-wheeler and the passenger vehicle segments. Even though the industry witnessed year-on-year growth in August 2020, it is to be recognised that the base figures in August 2019 itself was very low, as the industry had shown a fall of about 32 percent for PVs, and 22 percent for two-wheelers in 2019 over 2018,” said Kenichi Ayukawa, President, SIAM.