Sales Figures News

Harley-Davidson's sales fall again in the second quarter of 2020, even as the company continues to cut costs and reorient its business around fewer models.

Honda 2Wheelers India transitioned to new norms with the Activa 125 in September last year and the 11 lakh BS6 vehicle sales milestone has been achieved in a period of nine months.

In India the Group sales fell 28.7 per cent in a market that was down 49.4%. Renault reached a market share of 2.8 per cent up by 0.8 per cent.

SIAM has projected a de-growth outlook of anywhere between 25 per cent - 45 per cent for FY2021 and cannot see the situation recovering anytime soon. This will also take a toll on further investments in new technologies like advanced hybrid vehicles, electric vehicles and EV infrastructure among others.

The circumstances have been rather deterrent for the India auto industry for almost a couple of years now. The industry has been gripped by the prolonged slowdown for over a year and then the Coronavirus crisis has taken a toll severely on sales, taking the slowdown to a good nine quarters for the first time history.

Hyundai India has received over 40,000 bookings for the Hyundai Creta since its launch in March this year.

Automakers in India have reported that post the lockdown they have witnessed a healthier bounce back in the rural and tier 2 markets as compared to the urban and metros.

It's not only sales that have been impacted because of the coronavirus crisis; Mercedes-Benzs' production too has taken a hit