Auto August 2020 Sales Analysis Sequential growth continues Domestic sales improve

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 While most OEMs have reached their pre-Covid level demand, wholesales for August 2020 was a mixed bag. Segment leaders in passenger vehicle and two-wheeler have outperformed but there still remains a lot of catching-up to do for the entire industry.

 Despite the historic zero sales in the first month of this fiscal year, the Indian auto   industry has witnessed a faster than expected month-on-month rebound in the May  to  August 2020 period.


Passenger Vehicles

Market leader Maruti Suzuki India Limited (MSIL) saw an uptick of 17 percent in its total (domestic + exports) sales, majorly riding on the entry-level mini segment models where the carmaker reported the highest growth of 95 percent in the month of August 2020 over the same period last year.

Tata Motors reported an exceptional growth of 154 percent at 18,583 units sold in the domestic market last month as against the low-base of August 2019.











Two wheelers


The largest seller of two-wheelers in India, Hero MotoCorp said that it is witnessing strong retail off-take and currently operating in the pull-market with rural and semi-urban centers driving demand.












Commercial Vehicles

This segment, already reeling under the impact of a sharp drop in volumes due to economic uncertainty and revision in load carrying norms is being seen as the worst hit with pandemic crippling its business altogether.








Going forward, light commercial vehicles (LCV) are expected to make better sales than heavy & medium commercial vehicles (M&HCV).


Tractors

Hemant Sikka, President - Farm Equipment Sector, M&M said, “On the back of highest ever sales in July, we have clocked yet another highest ever sales in August. This is primarily on account of continued positive sentiment, due to increase in Kharif sowing area, thereby indicating a bumper harvest, bountiful monsoon, good rural cash flows and base effect. We expect rural sentiments to remain positive and translate into robust tractor demand as we move into the festive period.
















Hemant pagi

wiseinvesting.in

9898559842

learn & earn focus 

where you have to invest for growth 


source 

( ET )




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