SIAM: Auto Industry Sales Performance of January & April-January 2021

Society of Indian Automobile Manufacturers (SIAM) has announced the Auto Industry Sales Performance of January & April-January 2021.

Monthly Performance: January 2021:

Production: The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers, and Quadricycle in the month of January 2021 were 2,206,261 units, as against 2,049,074 units in January 2020 marking a growth of 7.67%.

Domestic Sales:

• Passenger Vehicles* sales were 276,554 units in January 2021, compared to 248,840 units in January 2020, marking a growth of 11.14%.
• Three-wheeler sales were 26,335 units in January 2021 compared to 60,903 units in January 2020 marking a decrease by (-) 56.76%.
• Two-wheeler sales were 1,429,928 units in January 2021, compared to 1,341,005 units in January 2020, with a growth of 6.63%.

Performance: April – January 2021:

Production: Total production of Passenger Vehicles**, Three Wheelers, Two Wheelers, and Quadricycle in April-January 2021 was 17,319,688 units as against 22,187,980 units in April-January 2020 with a decline of (-) 21.94 %.

Domestic Sales:

• Passenger Vehicles** sales was 2,054,428 units in April-January 2021, compared to 2,366,760 units in April-January 2020, down by (-) 13.20%.
• Three-wheeler sales were 156,936 units in April-January 2021 compared to 568,157 units in April- January 2020, down by (-) 72.38 %.
• Two-wheeler sales were 12,195,716 units in April-January 2021, compared to 15,254,800 units in April-January 2020, down by (-) 20.05 %

Commenting on the January 2021 data, Mr. Rajesh Menon, Director General, SIAM said “In the month of January 2021, 2.77 Lakhs Passenger Vehicles were sold, clocking a CAGR growth of just 1.61% over the previous highest sales in January 2018 of 2.64 Lakhs, while in January 2020 the total sales were 2.49 Lakhs. As far as Two-Wheelers are concerned 14.30 Lakhs units were sold in January 2021, which results in a de-growth of (-) 5.32% CAGR from the highest sales in January 2018 of 16.85 lakhs, while in January 2020, the sales of Two-Wheelers were 13.41 Lakhs units. However, the total sales from the April to January period of Passenger Vehicles were still below 2014-15 levels and for Two- Wheelers it is below 2013-14 levels. Sales of Three-Wheelers continued to suffer a de-growth of (-) 56.76%, compared to January 2020, primarily on account of lower off-take of Passenger Three- Wheelers. Supply chain challenges including the rising price of steel, unavailability of semi-conductors and higher container charges, continue to be obstacles in the smooth functioning of the industry.”