The car trade ended 2020 on a great notice with most segments, be it passenger autos, two-wheelers or tractors, reporting a double-digit development in December on a year-on-year foundation.
Within the passenger automobile phase, Maruti Suzuki India reported 15 per cent development year-on-year (YoY) to 1,40,754 items in December in comparison with 1,22,784 items in December 2019.
The No 2 passenger automobile maker, Hyundai Motor India, recorded 25 per cent development YoY throughout the month, because of its profitable fashions such because the Creta and the i20.
MG Motor India additionally closed the 12 months on a robust notice, with 5,000 Hector and 200 EV bookings in December, the best for 2020, it stated. The carmaker reported retail gross sales of 4,010 items in December 2020, up 33 per cent over the identical month the earlier 12 months.
Homegrown corporations Mahindra & Mahindra and Tata Motors additionally recorded development with the discharge of pent-up demand, a robust pageant season and the shift in the direction of private mobility. “Tata Motors’ PV enterprise has been witnessing robust response for its ‘New Ceaselessly’ vary, which is being supported by steady ramp-up of provides,” stated Shailesh Chandra, President, Passenger Autos Enterprise Unit, Tata Motors.
Nonetheless, M&M stated there are nonetheless some provide chain bottlenecks, which is impacting the demand aspect of the enterprise.
Two-wheeler and tractor makers additionally noticed good gross sales development throughout the month.
Nonetheless, issues nonetheless stay within the CV phase, because the market has nonetheless not seen development and the trade is awaiting some provide chain enhancements.