PV, 2W OEMs pump up the volumes for festive season, record strong September numbers

With the festive season around the corner, vehicle manufacturers are not only offering sweet deals to consumers but also ensuring dealers are well stocked and ready to cater to renewed market demand.

By Ajit Dalvi calendar 17 Oct 2020 Views icon7030 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

If August 2020 proved to be an august month for passenger vehicle (PV) and two-wheeler manufacturers, who clocked despatches of 215,916 units (14.16%) and 1,559,665 units (3%) respectively, then the just-announced September 2020 despatch numbers by apex industry body SIAM indicate a substantial month-on-month improvement. At 272,027 PVs (26.45%) and 1,849,546 two-wheelers (11.64%), the month-on-month increase is 26% and 19% respectively.

However, prescribe this growth last month to vehicle manufacturers increasing their deliveries to their dealers across the country, stocking up on inventory in anticipation of fresh consumer demand from the Navratri and Diwali festivals. Also, it needs to be kept in mind that the September 2020 growth has come on a low year-ago base: September 2019 – PVs: 223,317 units / -23.69% and Two-Wheelers: 1,656,774 / -22.09%.



While the current market and consumer sentiment is much better than the April-July 2020 period, the higher kharif acreage in rural India, lowered automobile loan interest rates and a rash of new models across the PV and two-wheeler segments are expected to bring cheer to India Auto Inc. However, hope lies eternal and sales data miners will have to wait till the festive season is over to really find out if the OEM optimism was well placed. Will there be fireworks in terms of vehicle sales numbers, will consumers, who are increasingly taking to online purchase, click away to OEM happiness, are the few green shoots of recovery in the industry real? Lots of questions at this stage.   

Till the answers to these queries arrive, let’s look at how the passenger vehicle and two-wheeler players have fared in the domestic market September 2020 through these detailed statistics, both year-on-year as well as month-on-month.

RELATED ARTICLES
India Auto Inc retails up 14% in January, all segments other than tractors log double-digit growth

auther Autocar Pro News Desk calendar06 Feb 2023

FADA’s retail sales data reveals that India Auto Inc is seeing real-world growth with growth coming in strongly for pass...

India contributes 12% to Kia’s global sales in January

auther Autocar Pro News Desk calendar04 Feb 2023

Kia India, which sold a record 28,634 units in January, contributed to 12.31% of Kia Corporation’s worldwide sales of 23...

Kia Carens sells 70,656 units within first year of launch in India

auther Autocar Pro News Desk calendar04 Feb 2023

Versatile MPV with a usable third row of seats clocks its best-ever monthly sales of 7,900 units in January; it has alre...