Major auto cos log subdued sales in April amid COVID-19

Major auto cos log subdued sales in April amid COVID-19 [ad_1]

Major vehicle producers Maruti Suzuki, Hyundai Motor, Tata Motors and Kia on Saturday reported a decline in passenger car sales in April in comparison with March this 12 months because the second wave of the coronavirus pandemic hit dispatches.

However, Mahindra & Mahindra together with Honda Cars India posted sequential progress in their passenger car sales final month.

Sales in April this 12 months will not be comparable with that of the corresponding month a 12 months in the past as firms had reported zero sales as a result of nationwide lockdown imposed to curb the outbreak of the COVID-19 pandemic in the nation.

The nation’s largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent decline in complete sales to 1,59,691 items in April as in comparison with 1,67,014 items in March this 12 months.

Similarly, Hyundai Motor India Ltd (HMIL) posted complete sales of 59,203 items in April 2021, a decline of 8 per cent from 64,621 items it had bought in March this 12 months.

HMIL Director (Sales, Marketing and Service) Tarun Garg mentioned, “In these challenging times, we stand in solidarity with the nation and are continuing all efforts to support the affected… While our efforts presently focus primarily on supporting the lives and livelihood of people, we have also received positive sales results in April 2021”.

Likewise, homegrown auto main Tata Motors mentioned its passenger car sales in the home market stood at 25,095 items in April, down 15 per cent from 29,654 items in March this 12 months.

However, compatriot Mahindra & Mahindra mentioned its passenger autos sales in the home market stood at 18,285 items final month, up 9 per cent from 16,700 items in March 2021.

“With the increase in lockdown restrictions in many parts of the country, we foresee continuing supply chain-related production challenges. While demand remains good, there would be some impact in the first quarter as a result of low customer movement and dealership activity due to the lockdown restrictions,” M&M Chief Executive Officer Automotive Division Veejay Nakra mentioned.

In instances like these, the corporate’s focus is the well-being and security of all its associates and sellers, he added.

Honda Cars India additionally reported a 28 per cent improve in its home sales to 9,072 items final month as in comparison with 7,103 items in March this 12 months.

“The current health calamity has struck the entire nation and at this time nothing is more important than the health and well-being of our countrymen. Of course, it has had an impact on the business and deliveries in the marketplace,” Honda Cars India Senior Vice President and Director (Marketing & Sales) Rajesh Goel mentioned.

Toyota Kirloskar Motor (TKM) mentioned its dispatches to the sellers final month stood at 9,622 items.

“Despite the challenges, we continue to witness good demand owing to personal mobility needs and the same has helped us clock 9,622 units of wholesales in the month of April 2021,” TKM Senior Vice President Naveen Soni mentioned.

Kia India reported a 16 per cent decline in dispatches to sellers to 16,111 items in April in comparison with 19,100 items in March this 12 months, whereas MG Motor India mentioned its retail sales final month stood at 2,565 items.

MG Motor mentioned its manufacturing and car dispatches to sellers final month was considerably larger than retail sales though it at the moment has an order backlog of over three months throughout its product traces.

With the second wave of COVID-19 resulting in a surge in infections, the corporate has joined arms with Vadodara-based Devnandan Gases to assist it improve the manufacturing of oxygen for medical utilization.

“In these times, our efforts are directed towards keeping people safe and maximising service to the communities,” MG Motor India President and Managing Director Rajeev Chaba mentioned.

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