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Covid pulls back Indian auto market by 7 years


COVID slams brakes on auto sales, pulls market down to 7-yr low
Overall sales (cars+two wheelers+commercial vehicles and three wheelers) for 2020-21 are pegged at 18.8 million units even lower than the 19.7 million units reported in FY-15.
Synopsis
As two-wheeler and commercial vehicle segments failed to keep pace with the passenger vehicle segment, the overall automotive market that accounts for 8% of the GDP is now closer to its FY-15 level.
The swift recovery in the personal vehicle segment in FY-21 was a singular event that did not translate to the other automotive segments, indicating that the worst is not over yet for an industry that is still reeling under the hard impact of Covid-19. ....

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Maruti Suzuki's premium hatchback Swift India's 'best-selling' car model in 2020


Maruti Suzuki s premium hatchback Swift India s best-selling car model in 2020
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Last Updated: Jan 23, 2021, 12:00 PM IST
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Synopsis
It crossed the 5 lakh milestone in 2010, 10 lakh in 2013 and 15 lakh in 2016, the company said in a statement.
New Delhi:
Maruti Suzuki India on Saturday said its hatchback Swift has emerged as the best selling car model in India in 2020 with 1,60,700 units. In 2020, the model has also crossed the cumulative sales milestone of 23 lakh units since its launch in 2005. It crossed the 5 lakh milestone in 2010, 10 lakh in 2013 and 15 lakh in 2016, the company said in a statement.
Commenting on the milestone, Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava claimed that Swift has been the best-selling premium hatchback in the country for the past 15 years with over 2.3 million delighted customers. ....

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