India's passenger vehicle sales post 4.6% rise in November on festive season demand: SIAM

14 Dec 2020 Evaluate

With pick-up in festive season demand, industry body -- the Society of Indian Automobile Manufacturers (SIAM) has said that India's passenger vehicle sales posted a 4.6 per cent rise in November 2020. SIAM in revised numbers said as many as 2,64,898 passenger vehicles were sold in November as against 2,53,139 units in the same month last year. SIAM, which is currently headed by Maruti Suzuki India (MSI) MD and CEO Kenichi Ayukawa, released auto sales numbers for November that added more than 20,000 vehicle sales to Maruti's actual despatches, overturning a 2.4 per cent decline into a 12.3 per cent growth.

According to the latest data by the SIAM, two-wheeler sales rose 13.43 per cent to 16,00,379 units, compared with 14,10,939 units in the same month last year. Motorcycle sales were at 10,26,705 units as against 8,93,538 units in November 2019, up 14.9 per cent. Scooter sales were also up by 9.29 per cent at 5,02,561 units, from 4,59,851 units in the same month last year. However, three-wheeler sales declined by 57.64 per cent to 23,626 units last month as against 55,778 units in November 2019. Total sales of passenger vehicles, two-wheelers, three-wheelers and the quadricycles during last month stood at 18,88,903 units, up 9.83 per cent from 17,19,874 units in November 2019. The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles last month stood at 22,96,701 units, as against 2,258,290 units in November 2019, marking a growth of 1.7 per cent.

SIAM Director General Rajesh Menon said ‘We have witnessed an increase in wholesale numbers in the month of November, where passenger vehicles grew by 4.65 per cent and two-wheelers by 13.43 per cent over the corresponding month of last year, primarily on account of the festive season’. He added the retail sales of two-wheelers lag behind the wholesale sales numbers but would even out over a period, as original equipment manufacturers (OEMs) engage with their dealers. Menon noted ‘While the festive season brought back some fervour in specific segments, the overall economic scenario would determine the industry's performance going forward’.

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