Automobile Companies Register Rise in July 2021 Sales Due Low Base Effect

Published:Nov 22, 202318:15
Automobile Companies Register Rise in July 2021 Sales Due Low Base Effect

New Delhi, August 1: Automobile corporations registered a rise of their gross sales for July 2021 on a year-on-year foundation, largely on the again of decrease gross sales in July 2020 when the nation was considerably hit by the primary wave of Covid-19 and several other components have been nonetheless below lockdown. Maruti Suzuki India offered a complete of 1,62,462 items of autos in July 2021. Throughout the identical interval final 12 months, the corporate offered 1,08,064 autos.

Equally, Tata Motors offered 51,981 items final month, in comparison with 27,711 items throughout July 2020. The corporate offered 23,848 items of business autos in July 2021 towards 12,688 items in the identical month final 12 months, Tata Motors mentioned in a press release. Hyundai Motor India offered 60,249 autos final month, 45.9 per cent increased than on a year-on-year foundation. Tesla Restarts Deliveries of Mannequin S: Report.

Hyundai Motor India Ltd's Director, Sales, Advertising & Service, Tarun Garg mentioned: "Hyundai registered domestic sales of 48,042 units in July backed by strong performance of our newly launched 6- and 7-seater SUV, Hyundai ALCAZAR and our other segment defining products like CRETA, i20 and VENUE."

"A positive growth momentum is clearly visible in the Passenger Vehicle Industry with the stabilisation of macro-economic factors, good monsoons and increase in consumer shift towards personal mobility," he added.

Honda Automobiles India Ltd offered 6,055 items in home market and exported 918 items within the month of July 2021.

Honda Automobiles India Ltd's Senior Vice President and Director, Advertising & Sales, Rajesh Goel mentioned: "We achieved our production ramp-up from last week of July and have streamlined supplies in line with market activity. Barring few locations, dealer outlets were mostly operational last month, albeit with lesser capacity."

"The market sentiment has improved amidst prevailing lower Covid infection rate and we expect the upcoming festive period will help the industry to maintain this momentum. However, we will keep a closer watch on the challenges related to pandemic and rising cost of acquisition of cars due to price hike from this month," he added.

MG Motor India mentioned that it retailed 4,225 items throughout July 2021, recording a 101 % improve in comparison with identical interval final 12 months. The automobile maker has additionally recorded the highest-ever bookings and retail gross sales of ZS EV until date. Skoda Auto introduced a 234 per cent improve in its July 2021 gross sales, in comparison with the identical interval final 12 months.

The corporate offered 3,080 vehicles in July 2021, in comparison with 922 vehicles offered in July 2020. "As per the company's strategy, the surge in sales is fuelled by the launch of KUSHAQ, which will be one of the important growth drivers of the brand going forward," mentioned an organization assertion.

Though gross sales elevated on year-on-year (YoY) foundation, the persevering with chip scarcity persists and is prone to affect provide going forward. MG Motor India's Director, Sales, Rakesh Sidana, mentioned: "The severe shortage of chips is expected to continue for some time and will lead to supply constraints."

(The above story first appeared on SociallyTrend on Aug 01, 2021 11:49 PM IST. For extra {news} and updates on politics, world, sports activities, {entertainment} and way of life, go online to our web site

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