March 2020 Indian Car Sales

[350Z]

March 2020 Indian Car Sales

Top Ten Hot Selling Cars in March 2020



Manufacturers' Market Share in March 2020



Datsun March 2020 Indian Car Sales



Fiat March 2020 Indian Car Sales



Ford March 2020 Indian Car Sales



Honda March 2020 Indian Car Sales



Hyundai March 2020 Indian Car Sales



Jeep March 2020 Indian Car Sales



Kia March 2020 Indian Car Sales



Mahindra March 2020 Indian Car Sales



Maruti Suzuki March 2020 Indian Car Sales



Morris Garage March 2020 Indian Car Sales



Nissan March 2020 Indian Car Sales



Renault March 2020 Indian Car Sales



Skoda March 2020 Indian Car Sales



Tata Motors March 2020 Indian Car Sales



Toyota March 2020 Indian Car Sales



Volkswagen March 2020 Indian Car Sales

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[Akash1886]

It has been the toughest FY Closure for the Automotive Sector in India. Lockdown + BS IV inventories + Low Sales altogether has dented the economics of our auto sector. Post Lockdown it will be an uphill task to re-establish. Secondly, seeing brands like FIAT is such a sad sight. It has become non-existent and the only recall now left of it is in the name of JEEP. Also, what I feel personally is that the pandemic has changed the sentiment of buyers to a great extent. It will be important to see how are sales post the lockdown in coming months.

Regards
Akash

 

[350Z]

SIAM Sales Summary Report: March 2020



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March 2020

Production: The industry produced a total 1,447,345 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in March 2020, as against 2,180,203 in March 2019 with a degrowth of (-) 33.61%.

Domestic Sales:

• Passenger Vehicles sales was 143,014 units in March 2020, compared to 291,861 units in March 2019 marking a decrease by (-) 51%.

• Commercial Vehicles sales was 13,027 units in March 2020 compared to 109,022 units in March 2019 marking a decrease by (-) 88.05%.

• Three-wheeler sales was 27,608 units in March 2020 compared to 66,274 units in March 2019 marking a decrease by (-) 58.34%.

• Two-wheeler sales was 866,849 units in March 2020, compared to 1,440,593 units in March 2019 marking a decrease by (-) 39.83%.

April 2019 - March 2020

Production: The industry produced a total 26,362,284 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-March 2020 as against 30,914,874 in
April-March 2019 with a decline of (-)14.73%.

Domestic Sales:

• Passenger Vehicles sales was 2,775,679 units in April-March 2020, compared to 3,377,389 units in April-March 2019, down by (-)17.82%.

• Commercial Vehicles sales was 717,688 units in April-March 2020 compared to 1,007,311 units in April - March 2019, down by (-) 28.75%.

• Three-wheeler sales was 636,569 units in April-March 2020 compared to 701,005 units in April-March 2019, down by (-) 9.19%.

• Two-wheeler sales was 17,417,616 units in April-March 2020, compared to 21,179,847 units in April- March 2019, down by (-)17.76%

Commenting on the March data, Mr Rajesh Menon, Director General, SIAM stated “Automobile industry witnessed one of its sharpest decline in Domestic Sales in March 2020 due to subdued demand and consumer sentiments which was further aggravated by the COVID-19 outbreak in the country.”

Mr Rajan Wadhera, President, SIAM, stated “The month of March 2020 was one of the most challenging months for the Auto sector as the 21-day lockdown resulted in bringing the production and sales of vehicles to a standstill in the last week. As the revenues took severe hit, the OEMs struggled on meeting fixed cost and working capital requirements. The Industry was already reeling under severe degrowth and the pressure of disrupted supply chain, which was followed by a majority of the auto companies announcing a shutdown of their manufacturing units in the last week of March 2020, due to concerns over ensuring workplace safety & health of their employees. As per our estimates at SIAM, Auto industry is losing Rs 2,300 crore in production turnover for every day of closure.

The Auto Industry is engaged in a dialogue with the Government of India on policy measures which could minimize the impact of COVID on the Indian Economy and especially the Indian Automobile Industry. There would be challenges on the supply side ; demand side and also on the issue of availability of Finance which would all need to be addressed to bring back growth in the Sector. We remain steadfast on “Building the nation responsibly.”

Drive Safe,
350Z

 

[350Z]

The automotive sector has suffered a significant impact like other industries due to COVID-19 pandemic. This has resulted in Zero automobile sales in April 2020. Sharing official statement by FADA:

“April 2020, will be a month which the entire automobile industry would like to forget and implore that such a time never comes again in future. The entire country is under lockdown, the complete automobile ecosystem has been affected, right from the dealer to manufacturer to component manufacturer everyone. This is the first time ever in the automobile history that there has been no sales/zero sales, it is a difficult moment for all of us in the automobile community. we look forward towards opening of the lockdown and resuming the business again at the earliest, without compromising citizen safety.

Auto sales have a multiplayer effect in the economy, it not just contributes 8% to the GDP but it contribute to entire economy benefiting many connected sectors such as Banks, Insurance Companies, Service, sale of Components, Oils, Paints, glass, plastic and rubber and many more along with generating huge direct as well as indirect employment. To resume business the entire automobile ecosystem has to come back to business as any of the members of the ecosystem if left out in lockdown condition will have a significant impact on the entire ecosystem, as the entire system is inter dependent.

Going forward, we need to see how much of demand will be affected but it is expected to be significantly lower and the industry will require enormous government support immediately after the lockdown, to get the demand back on track. We had put forward few suggestions to the government in support to regain the positive sentiments & demand, we have requested for a reduction in GST rates for a temporary period till the time demands and market comes to normalcy, considering automobile sector is the highest taxed sector, alternate to GST could be a direct benefit to consumers in Interest Rate Reduction through Banks and NBFC’s. ending up in reducing the overall cost of ownership.

Other important recommendations includes the immediate introduction of long-pending attractive incentive-based scrappage policy, which can work as a demand revival tool at this different time. Government should include auto industry in Priority Sector, so that both retail and wholesale financing can be made available easily, helping the banks allot a certain portion of their funds for this sector. Extend Depreciation Benefits scheme which was valid till 31st March’20 to be further till FY 2021 along with similar benefits be allowed to individuals.”

Drive Safe,
350Z