Companies like Maruti Suzuki, Hyundai, Honda Motors and Mahindra & Mahindra saw a huge drop in sales in May, due to the lockdown caused by Corona, due to which people did not come out to buy vehicles.
The country’s major auto companies such as Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors and Toyota Kirloskar saw a major decline in vehicle sales in the month of May as compared to April. The production and supply of these companies were affected due to the lockdown imposed in various states amid the second wave of the COVID-19 epidemic.
The country’s largest car company Maruti Suzuki India has stopped its production from May 1 to 16 to make industrial oxygen available for medical use. The overall sales of Maruti Suzuki India (MSI) declined by 71 percent to 46,555 units in May as compared to April. In April, the company sold 1,59,691 vehicles.
Sales fell badly in all segments
The company said its supply to dealers in the domestic market declined by 75 per cent to 35,293 units in May from 1,42,454 units in the previous month. Among the company’s mini-cars, Alto and S-Presso sales declined by 81 per cent to 4,760 units during the month. In April, this figure was 25,041 units.
In the compact segment, sales of Swift, Celerio, Ignis, Baleno and DZire declined by 72 per cent to 20,343 units as against 72,318 units in April. Sales of the mid-size sedan Ciaz fell to 349 units. In April it was 1,567 units.
Sales of the company’s utility vehicles Vitara Brezza, S-Cross and Ertiga declined by 75 per cent to 6,355 units from 25,484 units a month ago. In May, the company’s exports dropped by 35 percent to 11,262 units. In April, the company had exported 17,237 vehicles.
Hyundai’s sales fell by 49 percent
Maruti’s rival Hyundai Motor India Limited’s (HMIL) domestic market sales declined by 49 per cent to 25,001 units from 49,002 units in April 2021. The company said that due to the restrictions imposed due to Corona virus epidemic in various states, there was a hindrance in sending vehicles to dealers.
Passenger vehicle sales of other major domestic auto major Tata Motors in the domestic market declined by 40 per cent to 15,181 units as against 25,095 units in April.
Mahindra’s sales down 56 percent
Similarly, Mahindra & Mahindra’s domestic passenger vehicle sales declined by 56 per cent to 8,004 units in May from 18,285 units in April 2021. Toyota Kirloskar Motor sales stood at 707 units in May. The company’s sales were 9,622 units in April. In May last year, the company sold 1,639 vehicles.
Naveen Soni, Senior Vice President, Toyota Kirloskar Motor, said in a statement, “Last month there was no production at our factory in Bidadi. Sales turnover was also low in various parts of the country due to lockdown and necessary restrictions. In such a situation, it would be excessive to compare the figures of the last month (May 2021) with the figures of May a year ago. In May 2020, both the operations and sales started gradually.
MG Motor India sold only 1,016 cars
Honda Cars India Ltd. Said that in the midst of the second wave of COVID, 2,032 vehicles were sold in the domestic market in May. Another car company MG Motor India’s sales stood at 1,016 units in May. Companies say that the lockdown imposed in various states to prevent the effect of the second wave of Korana virus had an impact on business. Oxygen used in factories was also given for medical use.
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Corona Impact: Maruti Suzuki suffered a major setback, sales decreased by 71 percent in May