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Auto Sales November 2020: PV Segment Records A Growth Of 12.73 Per Cent In The Diwali Month

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According to the info revealed by the Society of Indian Automobile Manufacturers (SIAM), the passenger car (PV) phase registered a development of 12.73 per cent at 2,85,367 models as in comparison with 2,53,139 models bought in the identical month final 12 months.

Passenger vehicle sales went up by 12.73 per cent in November 2020.
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Passenger car gross sales went up by 12.73 per cent in November 2020.

Automakers had excessive expectations from the month of November and had been hoping to make up for the misplaced volumes in the course of the nationwide lockdown. And the month of Diwali has finished moderately properly to the auto business. According to the info revealed by the Society of Indian Automobile Manufacturers (SIAM), the passenger car (PV) phase has recorded a development of 12.73 per cent at 2,85,367 models as in comparison with 2,53,139 models bought in the identical month final 12 months. However, Month-on-Month (MoM) gross sales declined by 8.03 per cent as automakers had crammed up inventories final month on anticipation of robust festive season gross sales and contemplating total bookings. Sales of the PV phase in October 2020 stood at 3,10,294 models which was a development of 14.19 per cent as in comparison with 2,71,737 models bought in October final 12 months.

Also Read: Auto Sales October 2020: Passenger Vehicle Sales Up 14.19 Per Cent Ahead Of Diwali

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Sales of SUVs went up by 17.16 per cent in November 2020.

Sales of passenger automobiles went up by 10.50 per cent at 1,70,418 models in opposition to 1,54,223 models bought in the identical month final 12 months. Sales of SUVs grew by 17.16 per cent at 1,03,525 models as in comparison with 88,361 models whereas the Vans phase noticed a leap of 8.23 per cent at 11,424 models in opposition to 10,555 models bought a 12 months in the past. Sales of two-wheelers in the identical month went up by 13.43 per cent at 16,00,379 per cent as in comparison with 14,10,939 models bought in the identical month a 12 months in the past. That mentioned, three-wheelers continued to witness the antagonistic influence of the pandemic, recording a drastic decline of 57.64 per cent at 23,626 models as in comparison with 55,778 models bought in the identical month final 12 months. Sales of three-wheelers have been off the monitor because the pandemic as public transport is not functioning but in full capability and other people basically are avoiding shared mobility providers. Overall, the business has recorded a development of 11.02 per cent at 19,09,372 models as in comparison with 17,19,874 models bought a 12 months in the past.

Also Read: Coronavirus Pandemic Dents Auto Exports; Domestic Sales Get Back On The Growth Trajectory

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The passenger automobile phase recorded a development of 10.50 per cent in November 2020.

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In the April – November interval this 12 months, total gross sales of the PV phase remained subdued, witnessing a decline of 20.57 per cent at 14,76,027 models as in comparison with 18,58,180 models bought in the identical interval final 12 months. Sales of two-wheelers too had been down by 25.08 per cent at 96,37,871 models as in comparison with 1,28,63,757 models whereas gross sales of three-wheelers had been down by 76.08 per cent at 1,08,475 models as in comparison with 18,58,180 models bought a 12 months in the past. Overall, gross sales within the April- November interval noticed a decline of 26.05 per cent at 1,12,22,346 models as in comparison with 1,51,76,317 models bought a 12 months in the past.

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