Mumbai: Base effect along with a slight rebound in domestic demand-led major automobile players to report healthy sales numbers for August.
Other factors such as healthy monsoon, pent up demand and preference for personal mobility over public transport during the pandemic has aided in the upswing, said analysts.Automobile major Maruti Suzuki’s total sales during August 2020 rose 17.1 per cent on a year-on-year basis.
The company’s total off-take increased to 124,624 units from 106,413 units sold during August 2019.”This is a growth of 15.3 per cent over July 2020 and 17.1 per cent over August 2019,” the company said. The total sales include 115,325 units off-take in the domestic market and 1,379 units to other OEMs.
The auto major’s total domestic off-take increased to 45,809 units from 38,205 units sold during the corresponding month of last year.However, the auto major’s exports fell to 6,800 units during the month under review from 17,800 units from August 2019.
Consequently, cumulative sales declined to 52,609 units from 56,005 units sold during the like month of last year.”We would like to carry on with cautious optimism as uncertainty still surrounds the pandemic,” Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India said in a statement.
Other auto makers saw the decline in overall sales narrow-down on a YoY basis.Mahindra and Mahindra (M&M) reported a fall of 16 per cent in its total sales during August, on a year-on-year basis.The company sold 30,426 units, including exports, last month, compared to 36 ,085 vehicles sold during the same period last year.
It reported a fall of 13 per cent in domestic sales last month to 29,257 units from an off-take of 33,564 units in August 2019.
Commenting on the performance, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M said: “At Mahindra, we continue to see good recovery in demand both for SUVs and Pick-ups in the Small Commercial Vehicles segment.”
Premium automobile manufacturer Toyota Kirloskar Motor’s sales rose to 5,555 units in August 2020, thereby exceeding sales volumes as sold in Jul y 2020.The company had clocked 5,386 units in the month of July 2020.It had sold a total of 10,701 units in the domestic market in August 2019 and had exported 843 units of the Etios as well.
Another premium car manufacturer Honda Cars India registered monthly domestic sales of 7,509 units in August 2020. The total number of domestic sales in August 2019 stood at 8,291 units.
Two- and three-wheeler manufacturer TVS Motor Company registered a sales gro th of 14 per cent in August 2020 with 287,398 units as against 252,744 units in July 2020.
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