India Passenger Vehicle Sales Drop 66% in May Due to Covid Disruptions – Siam

India Passenger Vehicle Sales Drop 66% in May Due to Covid Disruptions - Siam

NEW DELHI: Indian passenger car wholesales witnessed a 66 percent monthly decline in May as lockdowns in several states affected shipments to dealers, the auto industry body said on Friday. Siam.
Wholesale sales of passenger vehicles in May stood at 88,045 units, compared to 2.61,633 units in April.
According to the latest data from the Society of Indian Automobile Manufacturers (Siam), shipments of two-wheelers to dealerships were down 65 percent to 3.52,717 units, compared to 9.95,097 units in April. .
Motorcycle sales declined 56 percent last month to 2,95,257 units, down from 6,67,841 units in April.
Similarly, scooter shipments to showrooms were down 83 percent to 50,294 units, from 3,00,462 units in April this year.
Three-wheelers sales fell 91 percent to 1,251 units, compared with 13,728 units in April.
Vehicle sales in all categories saw a 65 percent drop to 4.42,013 units last month, compared to 12.70,458 units in April this year.
Commenting on the sales data, SIAM CEO Rajesh Menon said that many states were on lockdown due to COVID-19 cases for most of May, affecting overall sales and production for the month.
“Many (auto cos) members had also closed their manufacturing plants to divert oxygen from industrial use for medical purposes,” he added.
Menon noted that the Indian auto industry is committed to supporting the government in its battle against the COVID-19 pandemic through various initiatives to increase oxygen availability, support healthcare infrastructure and local communities.
Original equipment manufacturers (OEMs) have also embraced large-scale vaccination of their employees, family members and distribution partners, he added.
Last month, the country’s largest automaker Maruti suzuki India shipped 32,903 units to its distribution partners, up from 1.35,879 units in April. Similary, Hyundai Motor India’s wholesale sales last month fell to 25,001 units compared to 49,002 units in April.
Kia India delivered 11,050 units, while Mahindra & Mahindra shipped 8,004 units of passenger cars to their respective showrooms last month compared to 16,111 and 18,285 units respectively in April.
Retail auto sales in the country declined 55 percent in May compared to April this year.
With COVID-19 Restrictions in various states, total registrations in all categories in May dropped to 5,35,855 units compared to 11,85,374 units in April this year.
According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,294 of the 1,497 Regional Transportation Offices (RTOs), sales of passenger vehicles (PV) declined 59 percent in May in compared to 2,08,883 units. in April of this year.


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