Returning to vehicle sales, passenger vehicle wholesale sales increased by 14 percent

August was a relief for the automobile industry, which was hit by the Kovid-1p epidemic for five months. Wholesale sales of passenger vehicles rose 14 percent and two-wheelers three percent. According to data released by the automakers’ association SIAM on Friday, domestic sales of passenger vehicles in August rose by 14.16 per cent year-on-year to 2,115,9116 units. In August last year, the number stood at 1,89,129. Car sales rose 14.13 per cent to 1,24,715 units, utility vehicle sales rose 15.54 per cent to 81,842 units and van sales rose 3.82 per cent to 9,359 units.

A total of 15,59,665 T-wheelers were sold in August

A total of 15,59,665 wheelers were sold in the domestic market in August this year. In August 2019 this number stood at 15,14,196 units. Motorcycle sales rose 10.13 per cent to 10,32,476 units, while scooter sales fell 12.30 per cent to 4,56,848 units. Moped sales rose 25.65 percent to 70,126 units. Also, 215 electric vehicles were sold. Vehicle sales were affected from March to July due to lockdown across the country from March 24 due to Covid-19. In April this year, for the first time in the country, no vehicle was sold. The automotive industry has taken a big break from the pace of sales of passenger vehicles and two-wheelers ahead of the festival season.

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Sales increased in August compared to a year earlier

“(Sales) has started to grow, which has created confidence in the industry, especially in the two-wheeler and passenger vehicle segment,” said Kenichi Ayukawa, president of SIAM. Sales increased in August compared to a year ago, but sales in August 2019 declined significantly. During this period, the sales of passenger vehicles decreased by 32 percent and the sales of two-wheelers decreased by 22 percent. There has also been a contribution to stagnant demand due to some Covid-19 and festive weather demand, yet August figures are showing good signs. “

Slow sale of three-wheelers

Siam said there has been a slowdown in sales of three-wheelers. Their sales were 14,534 units which is 75.29% less than a year ago. It declined by 64.27 per cent in passenger vehicles and 21.32 per cent in freight vehicles. In the current financial year, from April to August, the sales of passenger vehicles have decreased by 49.41 percent. During the same period last fiscal, 10,91,928 passenger vehicles were sold, down from 5,52,429. At the same time, sales of two-wheelers declined by 48.57 per cent to 41,43,132 units and those of three-wheelers by 64.86 per cent to 40,022 units.

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Auto companies slumped on the export front in August. In many countries, passenger vehicle exports fell 45.1 percent to 36,1111 units due to lockdowns and economic activity restrictions. In August last year, 69,516 passenger vehicles were exported. Exports of two-wheelers declined by 14.23 per cent to 2,555,8442 units. Exports of motorcycles fell by 0.07 per cent and scooters by 2.79 per cent. Exports of three-wheelers declined by 13.61 per cent to 39,63636 units.

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