Automobile companies have released the sales figures of vehicles in May 2021. Auto sales figures are disappointing for most companies due to the second wave of the Kovid-19 pandemic. The country’s largest carmaker Maruti Suzuki India Limited has reported a loss of 71% on a monthly basis. Let’s take a look at the auto sales figures for all the companies in May…
71% loss to Maruti Suzuki The
company sold a total of 46,555 vehicles last month. At the same time, in April, it had sold 1,59,691 vehicles. That is, it has suffered a loss of 71% on a monthly basis. However, the company has grown on a yearly basis. It sold 18,539 vehicles in May 2020. Maruti’s passenger vehicle sales fell by 76% in May. However, it grew at 34% with exports of 11,262 vehicles. At the same time, in mini and compact vehicles, it sold 25,103 vehicles, a decline of 79%.
Mahindra & Mahindra sales fell by 52%
in May as the lockdown affected the supply chain, impacting the company’s sales. In May, Mahindra & Mahindra sold a total of 17,447 vehicles. It incurred a loss of 52% on a monthly basis. The company sold a total of 36,437 vehicles in April. However, in the passenger vehicle segment (UVs, cars and vans), the company sold 8,004 vehicles with an annual growth of 107%. The company exported 1,935 vehicles last month with a growth of 300%. In May 2020, it exported 484 vehicles. Tractor sales declined by 12.13% on a monthly basis.
38% decline in sales of
Tata Motors Tata Motors sold 24,552 vehicles in the domestic market in May, down 38% on a monthly basis. In April, the company sold 39,530 vehicles as against 4,418 in the same month last year. Analysts were estimating the company’s sales to be 22,500 units in May. In May, the company sold 6938 Nexon, 6656 Tiago, 6649 Altroz, 1712 Harrier, 1627 Tigor and 1514 Safari.
Ashok Leyland’s sales declined by 51.59%
in May, with Ashok Leyland’s total sales at 3,199 units. The company has incurred losses on a monthly basis. In April, it had sold 7,961 vehicles. However, the sales figures have improved on a year-on-year basis. In May last year, the company had sold 1,420 vehicles.
Gets 114% Growth Bajaj Auto sold 2,71,862 vehicles in May with a growth of 114%. In May last year, the company had sold 1,27,128 vehicles. In domestic sales, it sold 60,830 vehicles with a growth of 52%. In May 2020, it had sold 40,074 vehicles. At the same time, 2,11,032 vehicles were exported with a growth of 142%. In May 2020, it exported 87,054 vehicles.