The November’20 vehicle production and sales data released by the Society of Indian Automobile Manufacturers (SIAM) shows that the automotive industry is finally making a turnaround, posting higher production figures than November last year, though the sales figures are yet to get back to the previous year levels.
Production
The total production of passenger vehicles*, three-wheelers, two-wheelers, and quadricycle in the month of November 2020 was 22,96,701 units, as against 2,258,290 units in November 2019 marking a growth of 1.70%.
Domestic Sales
- Passenger vehicle* sales was 264,898 units in November 2020, compared to 253,139 units in November 2019, marking a growth of 4.65%.
- 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 13,137,233 units as against 18,356,431 units in April-November 2019 with a decline of (-) 28.43 %.
Domestic Sales
- Passenger vehicle** sales was 1,455,558 units in April-November 2020, compared to 1,858,180 units in April-November 2019, down by (-) 21.67%.
- 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 %
* BMW, Mercedes, Tata Motors & Volvo Auto data is not available
** BMW, Mercedes & Volvo Auto data is not available, Tata Motors data is only available for Apr-Sep
Commenting on the November 2020 data, Rajesh Menon, Director General, SIAM, said: “We have witnessed an increase in wholesale numbers in the month of November, where passenger vehicles grew by 4.65% 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 lag 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 fervour in specific segments, the overall economic scenario would determine the industry’s performance going forward.”
