As Lockdown Restrictions Ease Auto Retail Sales Climbs 22.62% In June’21
FADA expects positive momentum from June to be carried forward to July. Furthermore, with southern India opening up, it is anticipated that demand to pick up.
EV Retail Sales Zoom By 79.59% In June 2021
The EV retail sales in June 2021 witnessed an M-o-M jump of 236% compared to May 2021 sales which stood at 3,303 units. This sudden rise can be attributed to the ease of lockdown restrictions across states in the country.
Sequential Recovery In June 2W Sales, But Far From Real Normal
As per the data released by the top five two-wheeler manufacturers, which represents almost 80% of the market, the segment has grown marginally by 3% to 9.87 lakh in June 2021, against 961,748 units in the same month last year.
Pending Orders, Ease Of Restrictions Rebound PV Sales In June 2021
According to the sales data released by the individual companies and industry estimates, passenger vehicle sales doubled in June 2021 at 255,674 units on a low base. Last year, the segment sold 116,928 units in June 2020.
June Auto Sales: Sequential Recovery Expected As Lockdown Eases
The auto sales for the month of June 2021 are likely to be higher than May 2021 but unlikely to reach normal levels due to staggered unlocking across states during the month.
Positive Trend In Passenger Vehicle Industry To Continue: CRISIL Research
Earlier estimates by CRISIL Research projected a 13-15% growth in FY22 in overall annual domestic sales of passenger vehicles, boosted by an estimated 11-13% growth in passenger cars
Ashok Leyland Plans INR 750 Crore CAPEX Despite 12% Drop In FY21 Revenue
Utilisation of CAPEX depends upon the level of investment the company wants to carry out; it will broadly be used to debottleneck capacity.
Passenger Vehicle Trends in YTD CY21
Passenger vehicle sales in the first five months of CY21 project some interesting insights. We analyse trends in the passenger car and utility vehicle domains.
MayDay For Two-wheeler Segment As Virus Rides Into Rural India
As per data released by five major two-wheeler OEMs, the domestic volumes were around 65% lower vis-a-vis April 2021. Among the top five two-wheeler manufacturers, Hero MotoCorp could only make up to one lakh mark of wholesale dispatches falling by 51% to 183,044 units.
COVID-19 Second Wave Hits Brake On PV Sales in May 2021
The second wave of the pandemic, and the resultant lockdown in almost 80% of the car market in India, resulted in a fall of 64% to 103,171 units in May 2021 as compared to 286,581 units in April 2021.