Passenger Vehicle Sales Plunge 51% In March 2020

The domestic automobile industry produced a total 1,447,345 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in March 2020, as against 2,180,203 in March 2019 with a degrowth of (-) 33.61%. Passenger Vehicles sales was 143,014 units in March 2020, compared to 291,861 units in March 2019 marking a decrease by (-) 51%. Commercial Vehicles sales was 13,027 units in March 2020 compared to 109,022 units in March 2019 marking a decrease by (-) 88.05%. Three-wheeler sales was 27,608 units in March 2020 compared to 66,274 units in March 2019 marking a decrease by (-) 58.34%. Two-wheeler sales was 866,849 units in March 2020, compared to 1,440,593 units in March 2019 marking a decrease by (-) 39.83%.

The industry produced a total 26,362,284 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-March 2020 as against 30,914,874 in April-March 2019 with a decline of (-)14.73%. Passenger Vehicles sales was 2,775,679 units in April-March 2020, compared to 3,377,389 units in April-March 2019, down by (-)17.82%.

Commercial Vehicles sales were 717,688 units in April-March 2020 compared to 1,007,311 units in April- March 2019, down by (-) 28.75%. Three-wheeler sales was 636,569 units in April-March 2020 compared to 701,005 units in April-March 2019, down by (-) 9.19%. Two-wheeler sales was 17,417,616 units in April-March 2020, compared to 21,179,847 units in April- March 2019, down by (-)17.76%.

Commenting on the March data, Rajesh Menon, Director General, SIAM noted that automobile industry witnessed one of its sharpest decline in Domestic Sales in March 2020 due to subdued demand and consumer sentiments which was further aggravated by the COVID-19 outbreak in the country.

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