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.
Top 10 Motorcycles & Scooters Sold In April 21
The overall two-wheeler segment fell by -33.52% in April 2021 on a month-on-month basis to 995,097 units, compared to 1,496,806 in March 2021.
How Did Passenger Vehicle Manufacturers Fare In April 2021?
Passenger cars contributed bulk of the numbers with 53.97% share, utility vehicles accounted for 41.61% and vans filled up the remaining 4.42%. We have more details.
Production, Domestic Sales Dropped MoM, But Exports Increased in April 2021
Even as the second wave of the COVID-19 pandemic led to a steady fall in production and sales in the domestic market in April 2021, exports across segments increased, when looked at a month-on-month (MoM) basis.
Top 10 PV Makers In FY21 By Retail Market Share
Despite the drop in volumes last fiscal, most of the top passenger vehicle manufacturers were able to retain or grow their share in the market, as per data released by FADA.
ICVs Saw Short-lived Sequential Growth In FY20
The Indian commercial vehicle (CV) segment declined 17% in FY 21, as it bore the brunt of the industry-wide impact of the COVID-19 pandemic and the economic slowdown. This came after an unfavourable FY20, when volumes came down by 45% with the revised axle norms in FY19.
Regional Lockdowns Further Aggravate Pain Of Two Wheeler Manufacturers In April’21
As per the latest numbers released by the top six two-wheeler manufacturers, the Indian two-wheeler market is estimated to decline by 33.95% at 953,338 units in the month of April’21 when compared to 1,443,300 units of March’21.
COVID-19 Second Wave Pauses PV Recovery in April 2021
The Indian passenger vehicle segment, which was embarking on a quick recovery route in the last six months, has been hit by the second wave of the COVID-19 pandemic.