New car sales in July 2020 fell by 3.86 per cent on a year-over-year basis in comparison to July 2019, while two-wheeler sales took a hit of 77.16 per cent in the same period.
News about Maruti Suzuki’s sales growth in July 2020 has been making headlines, and people outside of the industry are viewing this as a recovery of the Indian automobile industry. But the final industry sales declared by the Society of Indian Automobile Manufacturers, as expected, reveals the real picture for the industry. Having said that, growing sales over the past couple of months has instilled a positive spirit in the industry.
Passenger vehicle sales for the month of July 2020 were recorded at 1,82,772 units, which is a decrease of 3.86 per cent on a year-over-year basis in comparison to July 2019, when new car sales were registered at 1,90,115 units. The utility vehicle segment within the passenger car category was a silver lining for the PV category with a positive growth of 13.88 per cent. For the April to July 2020 period, passenger car sales were down by a staggering 62.73 per cent as compared to the same time in 2019. April to July 2020 new car sales were reported at 3,36,513 units in comparison to 9,02,799 units sold in the April to July 2019 period.
Two-wheeler sales were down by 15.24 per cent for July 2020 in comparison to July 2019, as 12,81,354 units were sold during the month gone by as compared to 15,11,717 units sold in July of 2019. Just like passenger car sales, the decline in the new two-wheeler sales is considerably more significant for the April to July period, as 25,74,467 units were sold in 2020 in comparison to 65,24,784 units during the same period in 2019.
Here’s a closer look at the new passenger car and two-wheeler sales for the month gone by in comparison to the same period last year.
Category Domestic Sales for July
|I - Segments, II - Subsegments||2019||2020||% Change|
|I - Passenger Vehicles|
|II - Passenger cars||1,16,814||1,02,773||-12.02|
|II - Utility Vehicles||62,681||71,384||13.88|
|II - Vans||10,620||8,622||-18.81|
|I - Two-wheelers|
|II - Scooter / Scooterette||5,26,504||3,34,288||-36.51|
|II - Motorcycycle / Step throughs||9,34,021||8,88,520||-4.87|
|II - Mopeds||51,192||58,403||14.09|
|II - Electric two-wheelers||0||143||-|
Rajan Wadhera, President, SIAM, stated, 'After few consecutive of months of plummeted sales in a post-COVID scenario, there are signs of Green-Shoots in Passenger vehicles and Two-Wheelers, where the Year-on-Year de-growth is much lesser than the previous months. The sales numbers in the month of August would indicate if this is a sustainable demand and not just a pent-up demand'.
Also read - Top 10 bestselling cars in July 2020