Passenger automobile gross sales stood at 24,33,464 items between January-December 2020, as towards 29,62,115 items offered throughout the identical interval in 2019, based on the info shared by SIAM.
The 12 months 2020 was extraordinarily difficult for the auto sector, and we now have a transparent image of what it regarded like as passenger automobile gross sales dropped by 17.85 per cent year-on-year. According to the info shared by the Society of Indian Automobile Manufacturers (SIAM), passenger automobile gross sales stood at 24,33,464 items between January-December 2020, as towards 29,62,115 items offered throughout the identical interval in 2019. The close to 18 per cent decline has been recorded by the sector for the second consecutive 12 months since PV gross sales have been down in 2019 as properly resulting from a struggling economic system and low shopping for sentiment.
Passenger automobile gross sales in 2020 stood at 14,32,304 items, witnessing a decline of 21.30 per cent, as towards 18,19,884 items offered in 2019. Meanwhile, utlity automobile gross sales dropped by 8.89 per cent with 897,406 items offered final 12 months versus 984,928 items offered the 12 months earlier than. Sales for vans stood at 103,754 items in 2020, declining by 34.04 per cent over 157,303 items offered in 2019.
The drop in volumes was even bigger within the two-wheeler sector as gross sales declined by 23.15 per cent with 14,268,430 items offered in 2020. In comparability, 18,566,857 items have been offered in 2019. Motorcycles continued to stay the most important contributors to the section with 94,58,577 items offered in 2020, registering a decline of 21.26 per cent, versus 12,011,692 items offered in 2019. However, gross sales of scooters witnessed the most important drop of 28 per cent with 42,05,194 items offered as, versus 58,41,184 items. Mopeds contributed 603,242 items to total two-wheeler volumes in 2020, however gross sales declined by 15.51 per cent over 2019. Lastly, electrical two-wheeler gross sales stood at 1417 items in 2020, based on SIAM information.
The business automobile sector additionally noticed considered one of its worst years as gross sales dropped by 40.90 per cent. About 505,189 items have been offered via the 2020 calendar 12 months, as towards 854,783 items in 2019. Three-wheeler gross sales declined by 62.12 per cent with 260,412 automobiles offered in final 12 months, as towards 687,446 items offered the 12 months earlier than.
Collectively, the auto sector offered a complete of 17,467,456 items between January and December 2020, registering a decline of 24.29 per cent as towards 23,072,564 items offered in 2019.