Automobile industry gains in May month amid Pandemic loss

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New Delhi: Leading Automobile Manufacturers such as Maruti Suzuki, Hyundai, Mahindra &Mahindra, Tata Motors, and Toyota Kirloskar reveal a declining rate in sales of a domestic passenger vehicle for the last month, May. When in compared with the sales of the previous month as a spike in COVID-19 cases and pandemic lockdown across the states of India has adversely affected the production and dispatches resulting in deterioration of sales.

While the nation’s largest manufacturer Maruti Suzuki India (MSI) has to shut down its production in May to not be the disruption for the oxygen supply during the pandemic. According to the previous month, the dispatches to dealers were at 35,293 units, 75 percent down from 1,42,454  units in April, yet showing a growth of 30-40%.

The second-largest carmaker, Hyundai Motor India Ltd posted a sale of over 25,001 units and a gain of 263% last month. Whereas Tata Motors, the last month sale in the market stood at 15,181 units showing a gain of 382%.

Similarly, Mahindra & Mahindra (SUV Specialist) sales were only 8,004 units, recording a growth of 114% in the previous month of this year.

 The fourth most sold car Korean brand, Kia India saw a dip in the dispatches to dealers at 11,050 units, logging a growth of 565%.

French car brand Renault sold 2,620 units in May, showing a growth of 49 percent. While Nissan Motor India with 227 percent growth in May volumes to 1,235 units.

Ford Motor India clocked 766 unit sales in May, a growth of 34 percent.

Amidst the lockdown, Toyota Kirloskar has reported total sales of 707 units for May month, this year,  Honda Cars dispatch sales closed at  2,032 units, a 442 % growth, and the MG Motor India had a sale of 1,016 units with 43% gain during May 2021.

Overall sales can be concluded as, it’s declining at a gradual rate during the second wave of coronavirus, with covid restrictions and strict lockdown everywhere, this year. Yet,  few of the gains were also taken into account even after the pandemic effects.