Automobile Companies Register Rise in July 2021 Sales Due Low Base Effect

Published:Nov 26, 202316:02

New Delhi, August 1: Automobile firms registered a rise in their gross sales for July 2021 on a year-on-year foundation, largely on the again of decrease gross sales in July 2020 when the nation was considerably hit by the primary wave of Covid-19 and a number of other elements had been nonetheless beneath lockdown. Maruti Suzuki India bought a complete of 1,62,462 models of autos in July 2021. During the identical interval final yr, the corporate bought 1,08,064 autos.

Similarly, Tata Motors bought 51,981 models final month, in comparison with 27,711 models throughout July 2020. The firm bought 23,848 models of business autos in July 2021 towards 12,688 models in the identical month final yr, Tata Motors mentioned in an announcement. Hyundai Motor India bought 60,249 autos final month, 45.9 per cent larger than on a year-on-year foundation. Tesla Restarts Deliveries of Model S: Report.

Hyundai Motor India Ltd's Director, Sales, Marketing & Service, Tarun Garg mentioned: "Hyundai registered domestic sales of 48,042 units in July backed by strong performance of our newly launched 6- and 7-seater SUV, Hyundai ALCAZAR and our other segment defining products like CRETA, i20 and VENUE."

"A positive growth momentum is clearly visible in the Passenger Vehicle Industry with the stabilisation of macro-economic factors, good monsoons and increase in consumer shift towards personal mobility," he added.

Honda Cars India Ltd bought 6,055 models in home market and exported 918 models in the month of July 2021.

Honda Cars India Ltd's Senior Vice President and Director, Marketing & Sales, Rajesh Goel mentioned: "We achieved our production ramp-up from last week of July and have streamlined supplies in line with market activity. Barring few locations, dealer outlets were mostly operational last month, albeit with lesser capacity."

"The market sentiment has improved amidst prevailing lower Covid infection rate and we expect the upcoming festive period will help the industry to maintain this momentum. However, we will keep a closer watch on the challenges related to pandemic and rising cost of acquisition of cars due to price hike from this month," he added.

MG Motor India mentioned that it retailed 4,225 models throughout July 2021, recording a 101 p.c improve in comparison with identical interval final yr. The automobile maker has additionally recorded the highest-ever bookings and retail gross sales of ZS EV until date. Skoda Auto introduced a 234 per cent improve in its July 2021 gross sales, in comparison with the identical interval final yr.

The firm bought 3,080 automobiles in July 2021, in comparison with 922 automobiles bought in July 2020. "As per the company's strategy, the surge in sales is fuelled by the launch of KUSHAQ, which will be one of the important growth drivers of the brand going forward," mentioned an organization assertion.

Although gross sales elevated on year-on-year (YoY) foundation, the persevering with chip scarcity persists and is more likely to affect provide going forward. MG Motor India's Director, Sales, Rakesh Sidana, mentioned: "The severe shortage of chips is expected to continue for some time and will lead to supply constraints."

(The above story first appeared on SociallyKeeda on Aug 01, 2021 11:49 PM IST. For extra information and updates on politics, world, sports activities, leisure and way of life, go surfing to our web site

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