Monthly Performance: January 2021
Production: The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers and Quadricycle in the month of January 2021 was 2,206,261 units, as against 2,049,074 units in January 2020 marking a growth of 7.67%.
Domestic Sales:
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Passenger Vehicles* sales was 276,554 units in January 2021, compared to 248,840 units in January 2020, marking a growth of 11.14%.
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Three-wheeler sales was 26,335 units in January 2021 compared to 60,903 units in January 2020 marking a decrease by (-) 56.76%.
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Two-wheeler sales was 1,429,928 units in January 2021, compared to 1,341,005 units in January 2020, with a growth of 6.63%.
Performance: April - January 2021
Production: Total production of Passenger Vehicles**,Three Wheelers, Two Wheelers and Quadricycle in April-January 2021 was 17,319,688 units as against 22,187,980 units in April-January 2020 with a decline of (-) 21.94 %.
Domestic Sales:
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Passenger Vehicles** sales was 2,054,428 units in April-January 2021, compared to 2,366,760 units in April-January 2020, down by (-) 13.20%.
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Three-wheeler sales was 156,936 units in April-January 2021 compared to 568,157 units in April- January 2020, down by (-) 72.38 %.
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Two-wheeler sales was 12,195,716 units in April-January 2021, compared to 15,254,800 units in April-January 2020, down by (-) 20.05 %
* BMW, Mercedes, Tata Motors & Volvo Auto data is not available
** BMW, Mercedes & Volvo Auto data is not available and Tata Motors data is available for Apr-Dec only
Commenting on the January 2021 data, Mr Rajesh Menon, Director General, SIAM said “In the month of January 2021, 2.77 Lakhs Passenger Vehicles were sold, clocking a CAGR growth of just 1.61% over the previous highest sales in January 2018 of 2.64 Lakhs, while in January 2020 the total sales were 2.49 Lakhs. As far as Two-Wheelers are concerned 14.30 Lakhs units were sold in January 2021, which results in a de-growth of (-) 5.32% CAGR from the highest sales in January 2018 of 16.85 lakhs, while in January 2020, the sales of Two-Wheelers were 13.41 Lakhs units. However, the total sales from April to January period of Passenger Vehicles were still below 2014-15 levels and for Two-Wheelers it is below 2013-14 levels. Sales of Three-Wheelers continued to suffer a de-growth of (-) 56.76%, compared to January 2020, primarily on account of lower off-take of Passenger Three-Wheelers. Supply chain challenges including rising price of steel, unavailability of semi-conductors and higher container charges, continue to be obstacles in smooth functioning of the industry.”
Rajesh Menon, Director General, SIAM
rajesh.menon@siam.in