Auto sales see strong growth in December
Updated:
Updated:
January 01, 2021 22:00 IST
Maruti local sales grow 14.6%, Hyundai’s rise 25%; CV sales stay muted, except for Ashok Leyland
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Hyundai Motor India Ltd (HMIL), the country s second-largest passenger vehicle maker, reported its best monthly sales in December.
| Photo Credit: N. Anand
Maruti local sales grow 14.6%, Hyundai’s rise 25%; CV sales stay muted, except for Ashok Leyland
A majority of vehicle manufacturers ended 2020 on a positive note, registering good wholesales growth, and entering the new year with ‘cautious optimism’ driven by expectations of a V-shaped economic recovery.
Four-wheeler market leader Maruti Suzuki India said it dispatched more than 1.4 lakh passenger vehicles (PVs) to dealers in December 2020, a growth of 14.6% year-on-year. In addition, the sales of the company’s light commercial vehicle Super Carry more than tripled to 5,726 units, while exports rose 31.4% to
Mahindra & Mahindra (M&M) and Honda Cars also reported increased sales in the domestic market last month. The country s largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019. The sale of mini cars, comprising Alto and S-Presso, increased by 4.4 per cent to 24,927 units as compared to 23,883 in the same month last year. Similarly, sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, rose by 18.2 per cent to 77,641 units as against 65,673 cars in December last year. Utility vehicle sales, including Vitara Brezza, S-Cross, and Ertiga, also rose 8 per cent to 25,701 units compared to 23,808 units in the year-ago month, MSI said.
Pent-up demand in December boosts wholesale vehicle sales
The country s largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019
PTI | January 1, 2021 | Updated 22:30 IST
Leading automakers Maruti Suzuki, Hyundai, Tata Motors, and Toyota witnessed double-digit growth in wholesale despatches in December as pent up demand led to robust passenger vehicle offtakes. Mahindra & Mahindra (M&M) and Honda Cars also reported increased sales in the domestic market last month.
The country s largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019. The sale of mini cars, comprising Alto and S-Presso, increased by 4.4 per cent to 24,927 units as compared to 23,883 in the same month last year.
Hyundai sales rise 33% in December, sells 66,750 units
Domestic sales were up 24.89 per cent at 47,400 units, the company s highest ever in a month, as against 37,953 units in the same month last year, the company said in a statement
PTI | January 1, 2021 | Updated 18:42 IST
HMIL said its cumulative sales in 2020 stood at 5,22,542 units
Hyundai Motor India Ltd (HMIL) on Friday reported a 33.14 per cent increase in total sales to 66,750 units in December. The company had sold 50,135 units in December 2019.
Domestic sales were up 24.89 per cent at 47,400 units, the company s highest ever in a month, as against 37,953 units in the same month last year, the company said in a statement. Exports increased 58.84 per cent to 19,350 units as compared to 12,182 in December 2019, it added.
COVID-19 battered auto sector drives into 2021 with cautious optimism
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Last Updated: Dec 20, 2020, 12:18 PM IST
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Synopsis
Having endured and managed to recover from the disruptions induced by a once-in-a-century event, the Indian auto sector is cautiously looking forward to 2021 with hopes of putting up a better show in the post-COVID-19 world, although a lot will hinge on how the economy grows.
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Having endured and managed to recover from the disruptions induced by a once-in-a-century event, the Indian auto sector is cautiously looking forward to 2021 with hopes of putting up a better show in the post-COVID-19 world, although a lot will hinge on how the economy grows.