Auto Sales in September 2021 hit by chip shortage and higher fuel prices.
5paisa Research Team
Last Updated: 13th December 2022 - 11:57 pm
Hopes pinned on the upcoming festive season for the industry weighed down over several months.
Hit hard by global semi-conductor shortage that disrupted production operations, several car-makers including market leader Maruti Suzuki reported lower factory-gate sales numbers in September 2021.
The country’s largest PV-maker, Maruti Suzuki India reported a drop of 57% in monthly domestic PV sales, with 63,111 units being sold in September 2021 as compared to 1,47,912 units in the same month last year, while Mahindra & Mahindra’s domestic PV sales slipped 12% YoY to 13,134 units.
On the other hand, Tata Motors bucked the trend and reported a YoY sales growth of 21% in September 2021 to 25,730 units as compared to 21,199 units last year. In the Electric Vehicle segment, the company crossed the 1,000 unit milestone for the second month in succession to register its highest ever monthly and quarterly sales of 1,078 units and 2,704 units, respectively. The company has seen a near three-fold growth in EV sales with the rising acceptance and popularity of the Nexon EV and Tigor EV.
|
Domestic PV Sales |
Sep-21 |
Sep-20 |
% change |
|
Maruti Suzuki |
63,111 |
147,912 |
-57 |
|
Tata Motors |
25,730 |
21,199 |
21 |
|
Mahindra & Mahindra |
13,134 |
14,857 |
-12 |
The story was the same in the two-wheeler space with leading OEMs like Hero Motorcorp - which reported a fall in sales numbers for the month of September despite recording growth on a sequential basis. The domestic sales of the company reported a de-growth of 27% in September 2021 to 5,05,462 units as compared to 6,97,293 units in September 2020. Similarly, Bajaj Auto domestic two-wheeler sales stood at 173,945 units in September 2021, falling 27% over the same period last year.
TVS Motors recorded a marginal increase in domestic two-wheeler sales for September 2021 as compared to the same period last year. The company registered sales of 244,084 units in September 2021 against sales of 241,762 units in September 2020. With pandemic restrictions easing and the festive season soon approaching, it expects the retails to improve significantly in the coming months.
|
Domestic 2-W Sales |
Sep-21 |
Sep-20 |
% change |
|
Hero MotoCorp |
5,05,462 |
6,97,293 |
-27 |
|
TVS Motor |
2,44,084 |
2,41,762 |
0.9 |
|
Bajaj Auto |
173,945 |
219,500 |
-21 |
Companies in the Commercial Vehicle (CV) space saw sales improving on a YoY basis in September 2021 on the back of a comparatively lower base last year. The sector was amongst the worst hit due to pandemic-induced economic uncertainty and revision in load-carrying norms.
The players in the CV space are now benefiting from the opening up of the economy with covid restrictions being eased. Bajaj Auto was the standout performer in this space with domestic CV sales almost doubling to 18,403 units in September 2021 as compared to 9,231 units last year.
|
Domestic CV Sales |
Sep-21 |
Sep-20 |
% change |
|
Tata Motors |
30,258 |
23,211 |
30 |
|
TVS Motor |
14,645 |
14,360 |
1.9 |
|
Mahindra & Mahindra |
12,449 |
19,494 |
-36 |
|
Bajaj Auto |
18,403 |
9,231 |
99 |
|
Ashok Leyland |
8,787 |
7,835 |
12 |
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