India’s Automobiles Sales Data in May 2020
The Lock down was imposed through out the Country last April as a result of Coronavirus Impact (Covid-19). The Sales and Earnings are not favorable for the Auto sector and this industry have been hit by a year and a half. The Leading companies in this sector were unable to sold even a Single Vehicle in the month of April.
However the Lock down has been relaxed in the month of May. The Curfew eased slightly after the second week of May 2020. As a result, Manufacturing and Service Companies were allowed to run their business with certain restrictions.
Last month, Maruti Suzuki sold about 18,539 Vehicles. Of these, 13,888 were local sales and 4,651 were exported. The total number of vehicles sold in May 2019 was 1,34,640. So for the May 2020, the Vehicle sales were down by 86 Percent as compared to the past for Maruti Suzuki.
Mahindra & Mahindra has sold about 9,560 Vehicles in the month of May 2020. There were 9,076 vehicles sold domestically and 484 vehicles were exported. The Sales growth for the May declined by 79 Percent.
The Largest Two Wheeler Company in India, Hero Motocorp have announced that there are 1,12,682 units sold in the last month. It is noteworthy that the company had sold 6.52 Lakh vehicles in the same period of 2019. So, the said above current sales are down 83 Percent.
The Company exported nearly 3,834 vehicles in the month of May 2020. For Eicher Motors, the two wheeler segment (Royal Enfield) reported a 69 Percent drop in Sales for the month of May. It has sold 19,113 units in the last month on Two Wheeler segment.
Hyundai Motors tops in the list for the Car Sales in the month of May. The Model, ‘Creta’ ranked as First, while the Vehicles Sales were 3212 Units. Earlier in the month of May 2019, Maruti Suzuki topped in the list by ‘Swift’.
Vehicle Sales may increase slightly in the month of June, if the Public transportation may avoided due to Social Distancing. However still there is a weak demand in this Automobile Industry and has been facing Challenging things like Govt Policies and transformation on EV. Only if the consumption increases in the domestic level, then the Sales growth would be better.
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