New Delhi: Major automobile manufacturers, including Maruti Suzuki India, Hyundai, Toyota and Mahindra & Mahindra, on Wednesday reported big dip in June sales, though fared better as compared to May as companies gradually ramped up operations after relaxation in lockdowns.
As per an analysis by the India Ratings and Research (Ind-Ra), the auto sector also reported a 15 per cent decline in revenue in the January-March quarter of 2019-20 while pharma, fertilizers and telecom sectors showed positive growth.
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Ind-Ra's analysis is based on the fourth quarter results of 190 companies. Out of 417 companies across 14 key sectors which are tracked by the rating agency, only 190 have reported their fourth quarter results as of June 27, 2020.
Pharma and fertilisers sectors showed resilience, with positive quarterly revenue growth on yoy basis, largely due to their essential nature of service, said the Ind-Ra.
"The largest impact however was seen on auto manufacturers and ancillaries with over 15 per cent yoy revenue fall in 4QFY20. The re-COVID-19 expectation was that there could be some pre-buying of BS-IV vehicles in 4QFY20; however, the opportunity was lost because of the lockdown.
Here is the list of auto majors with their sales data:
Maruti reports 54% dip in June sales at 57,428 units
The country's largest carmaker Maruti Suzuki India reported a 54 per cent decline in total sales at 57,428 units in June.
The company had sold 1,24,708 units in June last year, Maruti Suzuki India (MSI) said in a statement.
Domestic sales declined by 53.7 per cent to 53,139 units last month, as against 1,14,861 units in June 2019, it added.
The company exported 4,289 units last month, down 56.4 per cent from 9,847 units in June 2019, MSI said.
For the first quarter ended June 30, 2020, the company said its total sales stood at 76,599 units as compared with 4,02,594 units in same period of 2019-20, a dip of 81 per cent.
Hyundai registers 54% fall in passenger vehicle sales at 26,820 units
Hyundai Motor India Ltd (HMIL) reported a 54.39 per cent decline in total passenger vehicle sales at 26,820 units in June. The company had sold 58,807 units in June last year.
Domestic sales in the last month stood at 21,320 units as against 42,007 units in June 2019, HMIL said in a statement.
Exports were at 5,500 units as against 16,800 units in the same month last year.
M&M records 55% fall in total sales at 19,358 units
Home-grown auto major Mahindra & Mahindra reported a steep 55 per cent fall in total sales at 19,358 units in June. The company had sold 42,547 vehicles in June last year.
Domestic sales dropped 53 per cent to 18,505 units last month, as against 39,471 units in June 2019.
The company registered a 72 per cent decline in exports at 853 units last month as compared to 3,076 units in the year-ago period.
Sales in the passenger vehicles segment, which includes UVs, cars and vans, stood at 8,075 units as compared to 18,826 units in the same month last year, a drop of 57 per cent.
The commercial vehicle sales slumped 36 per cent to 10,417 units in June 2020 as against 16,394 units in the year-ago month.
Toyota Kirloskar domestic sales drops 63% to 3,866 units
Toyota Kirloskar Motor (TKM) reported 63.53 per cent decline in domestic vehicle sales to 3,866 units in June against 10,603 units in the same month last year.
In May this year, the company had sold 1,639 units in the domestic market.
MG Motor retails 2,012 units in June
MG Motor India said it has retailed 2,012 units in June.
The company has witnessed an increased traction in the markets that are normalising faster – for both its product lines – the updated BS-VI versions of Hector that recorded sales of 1,867 units, and ZS EV with sales of 145 units, MG Motor India said in a statement.
Hero MotoCorp sales dip 27% year on year in June
The country's largest two-wheeler maker Hero MotoCorp reported 26.88 per cent dip in sales last month at 4,50,744 units as compared to the same period of last year.
The company's dispatches last month, however, grew four-fold when compared to May this year.
The company had sold 6,16,526 units in June 2019 while it has despatched 1,12,682 units in May 2020.
TVS Motor June sales down 33% at 1,98,387 units
TVS Motor Company reported a 33.2 per cent decline in total sales in June at 1,98,387 units.
The company, which primarily makes two-wheelers and three-wheelers, had sold 2,97,102 units in June 2019, TVS Motor Company said in a statement.
Total two-wheeler sales during the month stood at 1,91,076 units as against 2,83,461 units in June 2019.
Domestic two-wheeler sales stood at 1,44,817 units last month as compared with 2,26,279 units in June 2019, a decline of 36 per cent, it added.
Total exports declined to 53,123 units last month as compared with 69,900 units in June 2019.
(With inputs from PTI)
