HomeBusinessAuto Sales regains traction in July 2021, reports record growth

Auto Sales regains traction in July 2021, reports record growth

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Auto sales in July 2021 witnessed a significant growth over July 2020. The automotive industry has slowly started growing post second wave of Covid-19 in India. The India’s largest car-maker Maruti Suzuki India Limited (MSIL) reported a 50.34 percent rise in total sales during the month at 1,62,462 units, compared to 1,08,064 units in July 2020. Total sales in the month include domestic sales of 136,500 units, sales to other OEM (Original Equipment Manufacturer) of 4,738 units and exports of 21,224 units. The domestic sales in July 2021 remained below the previous high registered in July 2018. Automakers in India report wholesale dispatches from factories and not retail sales made by dealers.

The Czech Marque, Škoda Auto reported a significant 234% growth in its July 2021 sales, compared to the same period last year. The company sold 3,080 cars in July 2021, compared to 922 cars sold in July 2020. Comparing with the June 2021 sales, which stood at 734 units, the newly launched Kushaq fuelled the automaker’s sales by 320% in July 2021.

Japanese carmaker Toyota Kirloskar Motors (TKM) registered a 143 percent year-on-year growth when compared to 5,386 units sold in July 2020. With respect to month-on-month growth, Toyota’s volumes increased by 49 per cent, up from 8,801 units sold in June this year. The company said it saw a major surge in sales for the second month in a row as markets start to open up across the country. The Toyota Innova Crysta and the Fortuner continue to remain the front-runners when it comes to volumes for the brand, followed by the Glanza and the Urban Cruiser.

V. Wiseline Sigamani, Associate General Manager (AGM), Sales and Strategic Marketing, Toyota Kirloskar Motor said, “July has been a good month for us as we have witnessed a significant surge in both demand as well as wholesales numbers, the second month in a row. Our pending orders were already very encouraging since June and in July, our retail sales have also been promising thereby drastically bringing down the gap between wholesales and retail figures. The Innova Crysta and the Fortuner deserve a special mention here as both these models have significantly contributed to our total sales, thereby reiterating their segment leadership positioning in their respective segments. Even the Glanza and Urban Cruiser are doing consistently well month on month, especially owing to the need for personal mobility in the post Covid era.”

MG Motor India’s Director for Sales, Rakesh Sidana said, “The Hector and ZS EV have further gained momentum during the month. However, the severe shortage of chips is expected to continue for some time and will lead to supply constraints. While we expect overall consumer demand to rise, we should also remain cautious of the potential threats posed by the third wave.”

Chinese automaker MG Motor India registered a 101 per cent increase in sales volume compared to the same period last year. The MG Motor India sold 4225 cars last month, as opposed to 2105 units sold in July 2020. The automaker also revealed that it recorded the highest ever bookings and retail sales of the MG ZS EV till date. On a month-on-month basis, MG Motor India’s sales grew by 18.7 per cent, as compared to 3558 units sold in June 2021.

Tata Motors‘ total domestic sales rose by 8 percent m-o-m to 2,200 units. Total Tata Motors’ MHCVs sale in July 2021 including M&HCV Truck, Buses and International Business stood at 6,314 units, compared to 2,150 units in July 2020.

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India’s second largest automaker Hyundai Motor India Limited (HMIL) reported a domestic growth of over 25 percent. Sales stood at over 48,042 units compared to 38,200 units of July 2020. Exports grew to 12,207 units, up from 3,100 units. The total sales stood at 60,249 units against 41,300 units during the same period in June 2020 with a Year-on-Year sales surge of 45.9 per cent.

The world’s largest manufacturer of motorcycles and scooters, Hero MotoCorp sold 454,398 units of two-wheelers in July 2021. India’s rural economy and semi-urban market is expected to bounce back on the hopes of good monsoon and customers’ preference for personal mobility.

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