SIAM Flash Report for November 2020

11th December 2020 Jas India, Reports/Research, SIAM 0

Auto Industry Sales Performance of November & April-November 2020

Monthly Performance: November 2020
Production: The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers and Quadricycle in the month of November 2020 was 2,319,845 units, as against 2,258,290 units in November 2019 marking a growth of 2.73%.

Domestic Sales:
• Passenger Vehicles* sales was 285,367 units in November 2020, compared to 253,139 units in November 2019, marking a growth of 12.73%.
• Three-wheeler sales was 23,626 units in November 2020 compared to 55,778 units in November 2019 marking a decrease by (-) 57.64%.
• Two-wheeler sales was 1,600,379 units in November 2020, compared to 1,410,939 units in November 2019, with a growth of 13.43%.

Performance: April – November 2020
Production: Total production of Passenger Vehicles**, Three Wheelers, Two Wheelers and Quadricycle in April-November 2020 was 13,160,377 units as against 18,356,431 units in April-November 2019 with a decline of (-) 28.31 %.

Domestic Sales:
• Passenger Vehicles** sales was 1,476,027 units in April-November 2020, compared to 1,858,180 units in April-November 2019, down by (-) 20.57%.
• Three-wheeler sales was 108,475 units in April-November 2020 compared to 453,459 units in April- November 2019, down by (-) 76.08 %.
• Two-wheeler sales was 9,637,871 units in April-November 2020, compared to 12,863,757 units in April-November 2019, down by (-) 25.08 %

Commenting on the November 2020 data, Mr Rajesh Menon, Director General, SIAM said “We have witnessed an increase in wholesale numbers in the month of November, where Passenger Vehicles grew by 12.73% and Two-Wheelers by 13.43% over the corresponding month of last year, primarily on account of the festive season. The retail sales of two-wheelers lags behind the wholesale sales numbers but would even out over a period, as OEMs engage with their dealers. While the festive season brought back some fervor in specific segments, the overall economic scenario would determine the industry’s performance going forward.”