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New Delhi: Midway by way of FY22, the Indian automotive business is but to return out of the woods. The business is weighed down by the rise in uncooked materials costs and the persisting semiconductor scarcity. The hole between demand and provide widened and it was a sellers’ market in September. Although September had an inauspicious interval of Shraadh in North India, Onam within the South and Ganesh Chaturthi in West made up for that loss.
Going ahead, a optimistic demand from shoppers and the festive season is setting the momentum for gross sales usually. Auto corporations in India report their dispatch from factories to sellers as their month-to-month wholesale figures.
The next is a segment-wise evaluation of auto gross sales in August 2021.
Passenger Automobiles
Maruti Suzuki India ltd (MSIL) witnessed a de-growth in its home gross sales final month, throughout the segments. Nevertheless, exports for the corporate rose 124% in September on a year-on-year foundation.
The mini passenger autos Alto and S-Presso clocked 14,936 unit gross sales in September 2021, in comparison with 27,246 items in September 2020. Compact passenger autos together with WagonR, Swift, Celerio, Ignis, Baleno, Dzire, and Tour S logged 20,891 items within the month beneath assessment, towards 84,213 items in September final yr.
“Gross sales quantity of the corporate in September 2021 was adversely impacted as a consequence of scarcity of digital parts. The corporate took all potential measures to restrict the antagonistic impression”, the corporate stated.
The carmaker additionally stated it’s anticipating complete automobile manufacturing within the festive month of October at two of its vegetation to be round 60% of regular ranges as a consequence of a worldwide chip scarcity.
Most OEMs have additionally introduced value hikes on their mannequin vary because of the rise in enter prices.
Auto main Tata Motors which reported a progress of 21% stated that this progress has come on the again of demand restoration within the business put up the Covid second wave and a robust response to its vary of vehicles and SUVs.
The market chief within the EV phase additionally acknowledged that the corporate for the second month in succession crossed the 1,000 unit milestone for EVs to register its highest ever month-to-month and quarterly gross sales of 1,078 items and a couple of,704 items respectively.
Shailesh Chandra, president, passenger autos enterprise unit, Tata Motors Ltd, stated, “EV gross sales recorded practically a three-fold progress with the rising acceptance and recognition of the Nexon EV and Tigor EV. Trying forward, the demand for vehicles and SUVs is anticipated to stay robust within the forthcoming festive season; nonetheless, the provision scenario for digital parts might proceed to witness difficult occasions.”
Veejay Nakra, chief government officer, automotive division, M&M Ltd, “The challenges across the provide of semiconductors proceed to pose difficulties for the auto business globally. We’ve taken a number of steps to mitigate the impact and are working in direction of managing the scenario as greatest as potential. We’ve maintained our progress momentum in exports with 61% improve.”
Rajesh Goel, senior vp and director-marketing and gross sales, Honda Vehicles India Ltd, stated, “On demand facet, there may be good momentum out there with improved shopping for sentiment. Nevertheless, the provision chain hurdles together with the widespread chip scarcity has been a giant problem proper now for the business, which impacted our manufacturing quantity and dispatches throughout final month.”
Nissan India, which is again within the recreation with the launch of its Magnite SUV final December stated that it’s receiving robust bookings forward of the festive season.
Rakesh Srivastava, managing director, Nissan Motor India Ltd, stated that the problem has been on the provision facet with the scarcity of semiconductors on which the corporate is working with the provision chain companions.
Two-wheelers
Whereas OEMs witnessed a progress on a sequential foundation, on a year-on-year foundation, the phase was within the crimson throughout September 2021.
India’s largest two-wheeler maker Hero MotoCorp stated the expansion in volumes on a sequential foundation signifies a gradual restoration within the economic system.
“Heading into the height festive season, the corporate stays optimistic concerning the demand over the approaching months. Regular monsoon and the encouraging farm exercise is prone to contribute in direction of optimistic buyer sentiments. Elevated tempo of vaccination drives and the desire for private mobility can be anticipated to result in a swift revival in gross sales,” it stated.
Whereas the home gross sales reported a degrowth, exports for the corporate grew 35% to 24,884 items as towards 18,425 items in September 2020.
Satoshi Uchida, managing director, Suzuki Bikes, stated, “We proceed to expertise a really robust demand each from the home and abroad markets. Nevertheless, provide chain constraints being skilled within the nation and throughout the globe have impacted our efforts to cater to the heightened demand.”
Business autos
Final yr, this phase was the worst hit whereas reeling beneath the impression of a pointy drop in volumes as a consequence of Covid concern of public transport, financial uncertainty and revision in load carrying norms. Nevertheless, the home gross sales have improved on a year-on-year foundation.
Girish Wagh, government director, Tata Motors Lt, stated, “Publish the second COVID wave, markets are witnessing gradual demand restoration throughout most segments led by M&HCVs with bettering fleet utilization ranges, increased variety of highway building tasks awarded and bettering cement consumption.”
Hemant Sikka, president – farm tools sector, Mahindra & Mahindra Ltd, stated, “Sturdy revival in rainfall throughout September introduced cheers to the farming neighborhood, with the whole rainfall deficit wiped off by finish of September and monsoon attaining regular ranges. That is back-to-back regular or above regular monsoon for the third yr. Reservoir ranges have improved and extra rainfall in September will result in excessive moisture content material within the soil, resulting in robust Rabi sowing.”
“With preliminary crop manufacturing estimates indicating the best ever Kharif Crop, coupled with the upcoming festive season, we’re optimistic of a robust demand within the coming months,” he stated.
Escorts Agri Equipment stated above regular rainfall in September has delayed harvesting in some components of the nation leading to a two-to-four-week delay within the onset of the festive season demand.
Nevertheless, with file monsoon exercise in September, this yr’s rainfall deficit has largely been recovered, which augurs nicely for the business within the upcoming months, the corporate added.
“All different macroeconomic elements stay beneficial. Inflation in varied commodity costs continues to be an space of concern within the brief time period,” Escorts highlighted.
(This can be a creating story. We are going to maintain updating because the OEMs launch their gross sales knowledge.)
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