Sales Figures News

SIAM has projected a de-growth outlook of anywhere between 25 per cent - 45 per cent for FY2021 and cannot see the situation recovering anytime soon. This will also take a toll on further investments in new technologies like advanced hybrid vehicles, electric vehicles and EV infrastructure among others.

The circumstances have been rather deterrent for the India auto industry for almost a couple of years now. The industry has been gripped by the prolonged slowdown for over a year and then the Coronavirus crisis has taken a toll severely on sales, taking the slowdown to a good nine quarters for the first time history.

Hyundai India has received over 40,000 bookings for the Hyundai Creta since its launch in March this year.

Automakers in India have reported that post the lockdown they have witnessed a healthier bounce back in the rural and tier 2 markets as compared to the urban and metros.

It's not only sales that have been impacted because of the coronavirus crisis; Mercedes-Benzs' production too has taken a hit

Tata Motors has released the Group's wholesales numbers for the first quarter of Financial Year 2020-21. In the quarter that ended with June 30, 2020, Tata Motors Group's global wholesales stood at 91,594 units (including Jaguar Land Rover), a decline of 64 per cent compared to what the company sold during April-June 2019 period.

According to a media report, Honda Motorcycles and Scooter India (HMSI) has deferred commissioning of a third assembly line due to slowdown in demand.

The brand however, has reported record sales for the month of June, despite global challenges from the COVID-19 pandemic.