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 icon3990 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
TVS Raider 125 crosses 700,000 sales in 29 months, is top TVS bike in FY2024

auther Autocar Pro News Desk calendar24 Feb 2024

At 398,354 units in the first 10 months of FY2024, TVS Motor Co’s first 125cc motorcycle is currently its best-selling b...

Royal Enfield Super Meteor 650 sells 14,000 units in first year since launch

auther Autocar Pro News Desk calendar22 Feb 2024

Launched on January 16, 2023, the Super Meteor 650 continues to see strong demand; along with the 650 Twins, it has give...

Scooter exports scale new high, TVS and Honda drive resurgence

auther Autocar Pro News Desk calendar19 Feb 2024

With 421,096 units shipped overseas between April 2023 and January 2024, demand for made-in-India scooters is at its hig...