India's Automobiles Sales Data in May 2020

India's Automobiles Sales Data in May 2020


The Lock down was imposed through out the Country last April as a result of Coronavirus Impact (Covid-19). The Sales and Earnings are not favorable for the Auto sector and this industry have been hit by a year and a half. The Leading companies in this sector were unable to sold even a Single Vehicle in the month of April.

However the Lock down has been relaxed in the month of May. The Curfew eased slightly after the second week of May 2020. As a result, Manufacturing and Service Companies were allowed to run their business with certain restrictions.

Last month, Maruti Suzuki sold about 18,539 Vehicles. Of these, 13,888 were local sales and 4,651 were exported. The total number of vehicles sold in May 2019 was 1,34,640. So for the May 2020, the Vehicle sales were down by 86 Percent as compared to the past for Maruti Suzuki.

Mahindra & Mahindra has sold about 9,560 Vehicles in the month of May 2020. There were 9,076 vehicles sold domestically and 484 vehicles were exported. The Sales growth for the May declined by 79 Percent.

The Largest Two Wheeler Company in India, Hero Motocorp have announced that there are 1,12,682 units sold in the last month. It is noteworthy that the company had sold 6.52 Lakh vehicles in the same period of 2019. So, the said above current sales are down 83 Percent.

The Company exported nearly 3,834 vehicles in the month of May 2020. For Eicher Motors, the two wheeler segment (Royal Enfield) reported a 69 Percent drop in Sales for the month of May. It has sold 19,113 units in the last month on Two Wheeler segment.

Automobile Sales May 2020

Hyundai Motors tops in the list for the Car Sales in the month of May. The Model, 'Creta' ranked as First, while the Vehicles Sales were 3212 Units. Earlier in the month of May 2019, Maruti Suzuki topped in the list by 'Swift'.

Vehicle Sales may increase slightly in the month of June, if the Public transportation may avoided due to Social Distancing. However still there is a weak demand in this Automobile Industry and has been facing Challenging things like Govt Policies and transformation on EV. Only if the consumption increases in the domestic level, then the Sales growth would be better.

Kindly Share your views / comments with a smile :)

www.richinvestingideas.com

Comments

Post a Comment

Popular posts from this blog

What's your Earning - A Personal Cash Flow Meter

Image
What's your Earning  - A Personal Cash Flow Meter Earning money, isn't an easy one ? Absolutely, Earning money is an easy one, but it's hard to keep (grow) it. I mean that the Jobs and Earning money are easy on these techie days. Somebody have the value on their Dignity, Prosper and many of us have, earning more (Money) is a big value. Still, few one can make easy and more of them think that, it's hard to earn. Everyone of us, feeling that the rich one have more money and other's can't. But is it a right away to tell ? Not always, many of us hurting their health to make wealth (Money). Even Apple's Steve Jobs had earned a lot and respect too, but the health was not support for him. I am not telling you that, you have to earn more to be Rich (or) Financially Independent . The think is, how you utilize the earnings and to grow, while you have a little money or No job. What you have Earned ? As an individual, he earns  ₹  1,00,000 /- salary per month and spend
Read more

10 Years of TATA Motors Ltd - Financial Statement - Fundamental Insights

Image
10 Years of TATA Motors Ltd - Financial Statement - Fundamental Insights   Tata Motors Limited is a leading global automobile manufacturer and India's second largest company in Automotive segment next to Maruti Suzuki. It is the part of Tata Group, an Indian multi-national conglomerate which provides its products and services on Buses, Cars, Defense Vehicles, Sports utility vehicles, Trucks and other related automotive in it's segment. It is noteworthy that Tata Motors bought the famous and iconic brands Jaguar and Land Rover in the year 2008, from the Ford Company. Tata Motors is the leading player in the Commercial vehicle segment with a market share of around 45 Percent as per the FY2022. It is also said to be a Market leader in the EV segment with a market share of around 87 Percent in the year FY22 in India. The company's last dividend was declared in the year 2016 for the Financial year 2015-16 with an amount of Rs. 0.20 per Share. Tata Motors Ltd is trading in the In
Read more

Infosys Limited - FY2023 - Is it Undervalued or not ?

Image
Infosys Limited - FY2023 - Is it Undervalued or not ?   India's second largest IT(Information Technology) company were recently announced it's Q4FY23 and Financial year 2022-23 ending annual results. For the 2023 year ending results, it reported a sales of Rs. 1.46 Lakh crore and net profit of Rs. 24,108 crore. The sales increased by 21 percent and the net profit rose by 9 percent as compared to the FY2021-22. The company's revenue is primarily generated from the Digital business services, 63 percent of its total revenue. Digital services are such as AI based analytics, Big Data, IoT, Cloud applications, Advance cyber security systems, modernize legacy tech systems and Engineer digital products.  The revenue breakup is mostly coming from the Financial services segment with 32 percent of its total revenue, 15 percent in Retail segment, Telecom communication and media with 13 percent, Manufacturing with 11 percent and the rest of from other technology, Life sciences and Healt
Read more