Flash Report for December 2020

Mumbai, 14th January 2021 (GNI): Flash report for the Month of December 2020

1. Month -P&S-Dec-2020 – Summary of Passenger Vehicles, Two Wheelers & Three Wheelers
2. FL-Apr-Dec-2020- Summary Reports of all Segments
3. Cumulative -P&S-Jan-Dec-2020 – Summary of all Segments
4. FL-Dec-2020 – Category & Company wise data of Passenger Vehicles, Two Wheelers & Three Wheelers
5. FL-Dec-2020- Segment & Company wise data of Passenger Vehicles, Two Wheelers & Three Wheelers
6. FL-Dec-2020- Sub-Segment & Company wise data of Passenger Vehicles, Two Wheelers & Three Wheelers
7. FL-Apr-Dec-2020- CVs- Category & Company wise data of CVs
8. FL-Apr-Dec-2020- CVs- Segment & Company wise data of CVs
9. FL-Apr-Dec-2020- CVs- Sub-Segment & Company wise data of CVs
10. Q3-P&S-Oct-Dec-2020 – Summary Report of Q3 for all Segment.

Commenting on the December 2020 data, Mr Rajesh Menon, Director General, SIAM said “In the month of December 2020, the Auto Industry witnessed higher sales of Passenger Vehicles by 13.59% and Two Wheelers by 7.42% over a very low base of 2019. The sale of three wheelers continue to suffer a de-growth of (-) 58.87%, compared to December 2019.”

Commenting on the October – December 2020 data, Mr Kenichi Ayukawa, President, SIAM said “Indian Automobile Industry appreciates the efforts of the Government to balance safety of people and revival of economy from the negative effects of the pandemic. Initiatives such as the announcement of PLI scheme, keeping interest rates very low, targeted spending in rural areas and continued focus on building road infrastructure, will help in our recovery process.

In Q3 FY20-21, Passenger Vehicle and Two Wheeler segments have shown some recovery, while Commercial Vehicle and Three Wheeler segments are still in the negative zone. However Q3 numbers could include an element of deferred demand of Q1. If we look at the cumulative numbers of the 9- month period from April to December 2020, it shows that sales of all segments are still behind by many years.

The market situation is dynamic and uncertain. Industry is facing a shortage of semiconductors, steel and shipping containers. There is also an impact of price increase of steel, logistics and other raw materials. Industry is working hard to get back to better volumes and better business health while ensuring safety and well-being of people across the whole value chain”, stated in the press release.ends