Sales Figures News

Sales in April 2021 went down as India is again hit by the second wave of the coronavirus pandemic and is witnessing partial lockdown in several states.

The company couldn't sell vehicles last year in April, as the entire nation went into a lockdown that was announced to contain the coronavirus pandemic.

Even Maruti Suzuki recorded nil sales in April last year when the entire nation was under a strict lockdown to prevent the spread of the COVID-19 pandemic.

The units sold in April this year are not comparable with April 2020, since no vehicles were sold last year in the domestic market due to COVID related lockdown.

Last month the company sold 9,622 units in the domestic market, witnessing a drop of above 35 per cent in Month-on-Month (MoM) sales, as against 15,001 units sold in March 2021.

MG Motor India's production and vehicle despatches to dealers were significantly higher than retail sales, with the carmaker currently having an order backlog of over 3 months across its product lines.

Despite a 26 per cent rise in revenues, as well as 18 per cent increase in overall volumes, the company said it faced high input costs which hit margins.

TVS Motor Company reported a standalone profit of Rs. 289 crore during January to March, 2021 as against Rs. 74 crore in the same period a year ago.