Car, 2-Wheeler Sales Take A Massive Hit In May: Hero Sales Down By 50%, Bajaj 30% Down
The second wave of the COVID-19 virus and the lockdowns imposed on the country for a second time have impacted the sales of automobiles severely. The sales of cars and two-wheelers of big automobile companies have suffered a great setback.
The sales of Hero automobiles in May have declined by as much as 50% and that of Bajaj has gone down by 30%.
Automobile Sales Of Maruti Suzuki Decline By 71%
As per the automobile sales volumes reported by original equipment manufacturers (OEMs) for May, a bit more than 103,000 units have been sold in May, which is very low as compared to the average of 300,000 units sold every month between January to April.
Maruti Suzuki, which is the country’s largest carmaker has clocked sales of 46,555 units in May. This is a de-growth of 71% over the 1,59,691 units that the company sold last month.
Royal Enfield, the manufacturer of the popular bullet motorcycle has seen a decline in the sales of its motorcycles. The company saw its sales reduce to 27,294 units in May, which was previously 53,298 units in April.
Hero’s Motorcycle Sales Decline By 72%
As per the exchange filing by Hero MotoCorp Ltd. which is the largest two-wheeler manufacturer in India, the company has recorded a sale of 1,83,044 units in May which shows a decline of 62% in the last month as the demand for motorcycles has been affected by the second wave of COVID-19 virus. The company’s plants have also been shut down because of the decline in the business and lockdowns imposed.
However, the company has stated that they are monitoring the situation closely and hopes to start double-shift production gradually.
The company has said, “With the vaccination drive gaining pace and a sharp decline in the number of Covid-positive cases, markets across the country are expected to open up gradually. This will aid in the swift recovery of businesses in the coming weeks.”
The sales of motorcycles have fallen by 47% to 1,78,706 units in May.
Additionally, TVS Motor Company has clocked a fall of 30.16% in total sales to sell 1,66,869 units in May over last month. The Chennai-based company known for its motorcycles sold a total of 2,38,983 units in April.
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