As state-announced lockdowns, in various proportions throughout the nation within the wake of a pointy spike in Covid circumstances in April, hit sentiment and logistics, passenger car gross sales witnessed a slowdown. The nation’s largest automotive producer, Maruti Suzuki India Restricted (MSIL) reported sale of 1,35,879 items in April — the bottom sale in final 5 months. Hyundai Motor India, too, introduced a decline in sale, because it reported sale of 49,002 items within the home market, which is a four-month low.
Tata Motors, the third largest passenger car producer within the nation, additionally witnessed a dip in home gross sales in April because it bought 25,095 items, as in opposition to 29,654 items within the earlier month. Mahindra & Mahindra, nonetheless, introduced gross sales of 18,285 items which was greater than what it reported final month. Honda too introduced development in m-o-m gross sales at 9,072 items in April.
Toyota Kirloskar Motors introduced a pointy dip in dispatches to sellers in April. It fell to 9,622 items, in comparison with 15,001 items within the earlier month. MG Motor India, too, witnessed a pointy decline in gross sales over the earlier month. Whereas the corporate bought 5,528 items in March, it bought 2,565 items in April.
A yr again, in April 2020, all passenger car producers had recorded nil gross sales on account of the stringent lockdown introduced by the Central authorities, in a bid to regulate the unfold of coronavirus.
Whereas corporations continued to witness good demand in April, business insiders say the demand is pushed by the rising want of non-public mobility in instances of a healthcare disaster that calls for social distancing and a private transport.
“Regardless of the challenges, we proceed to witness good demand owing to non-public mobility wants,” mentioned Naveen Soni, Sr VP, TKM.
Gross sales are, nonetheless, anticipated to stay impacted in Could too, as states are extending the lockdowns and a few corporations are going for manufacturing shutdowns in Could.
Soni added that sporadic lockdowns impacting totally different states & cities for various durations has elevated logistical challenges.
Rajesh Goel, Sr VP and director, advertising and marketing & gross sales, Honda Vehicles India Ltd, mentioned the present well being calamity has struck all the nation and has had an affect on the enterprise and deliveries within the market. “Many components of the nation have been on security associated lockdowns within the final couple of weeks and we see this persevering with within the month of Could, 2021,” mentioned Goel.
Maruti Suzuki India Restricted introduced a shut down its factories in Haryana for 9 days starting Could 1, 2021, in a bid to make oxygen out there for medical wants. The corporate mentioned whereas it goes for upkeep shutdown in June, it has superior the identical from Could 1 to Could 9.
Earlier, Hero MotoCorp, introduced halt of operations in any respect its manufacturing services for 4 days, in a staggered method between April 22 and Could 1. It did so, taking into consideration the escalation within the unfold of Covid-19 throughout the nation.