Last updated: 02 Sep, 2021 | 02:22 pm
It’s the start of the new month and the auto industry is ready with their August sales numbers. Let’s find out which company fared how in which segment.
Four Wheeler Cars:
Passenger vehicle (PV) numbers were mostly in line with estimates. In total, the sales grew 8% YoY in August 2021 but declined 20% MoM.
The factors affecting the numbers were:
Mahindra & Mahindra
Two wheeler sales were below estimates in August 2021, down 10% YoY (+2% MoM).
Inventory stands at around 45–60 days, and dealers expect good retails during the upcoming festival season. Rising fuel costs and cost of ownership are acting as headwinds for domestic demand. However, export demand remains strong (+36% YoY; +5% MoM).
Commercial vehicle volumes were in-line with expectation; up 61% YoY, 18% MoM.
Tractor volumes were below estimates; down 15% YoY (down 20% MoM):
The numbers were down due to seasonality & high base of last year.
The upcoming festival season, coupled with kharif sowing, which is almost at a similar level as the previous year, may aid demand in the coming months.