Deceptive December! Auto retails decline 10% in Jan
Dealers say drop is less on account of real lack of demand and more to do with supply side constraints as manufacturers are unable to make as many vehicles as required due to a global shortage of semiconductors
Sumant Banerji | February 9, 2021 | Updated 23:38 IST
PV sales saw a 4.5 per cent drop at 2,81,666 units
KEY HIGHLIGHTS
Retail sale of automobiles declined by 9.66% in January at 1.59 million units after posting an 11% growth in December.
Sale of passenger vehicles declined by 4.5%, two wheelers by 8.8%, commercial vehicles by 25% and three wheelers by 51.3%
Tractors once again provided the sole silver lining with a 11% growth over last January
Auto sales jump 11% YoY in Dec; growth registered for first time in FY21
Auto sales FY21: The strong growth has seen a reduction of inventory levels across segments, something that will soothe the nerves of dealers
Sumant Banerji | January 11, 2021 | Updated 13:49 IST
Automobile sales growth FY21: The growth was led by passenger vehicles up 23.99 percent, tractors-up 35.5 percent and two wheelers-up 11.88 percent
KEY HIGHLIGHTS
Overall automobile retail sales grew 11 percent in December, first time in a month in this fiscal.
Growth was largely due to festival spill over demand and pre-buying due to announcement of price hike in January 21.
Two wheelers, Passenger Vehicles and Tractor categories grow by 11.8%, 24% and 35.5% (YoY).