Everyone in India is going through a really rough patch, be it the jobs, health, finance or any other sector everyone is hit pretty hard by the ongoing pandemic situation which has led to lockdown in almost every state of the country. The same is for the Automobile industry, which has seen some bizarre sales numbers for the month of May 2021. The biggest car company in India, Maruti Suzuki didn’t remain untouched by it. Maruti received a massive sales decline of 75% on an MoM basis `when compared May 2021 to April 2021 Although compared to last year’s May sale the company achieved a growth of 140%.
Taking look at the details, Maruti Suzuki India Limited sold a total of 32,903 units last month compared to the April 2021 sale of 1,59,691 translating to an MoM de-growth of 75% although if compared on a YoY basis these charts turn out the other way, in May 2020 the company only sold a total of 13,702 units translating to YoY growth of 140%. While for the market shares the company occupied 31.9% for May 2021 compared to market shares of 26.3% in May 2020.
The sales drop comparison on an MoM basis shows how bizarrely the situation escalated which was due to the negligence of both the government and the public. However, a speedy recovery can hopefully be assumed after this month as the situation of the automobile Industry is comparably better than of the previous year in May and majority of carmakers even recorded a great YoY sales record, except for Toyota, which will be the topic of next day.
As this 2nd wave of pandemic weakens up, many states are now giving relaxation in lockdown for many industries, this will make many companies like Maruti and Hyundai to launch their postponed new car arrivals which were kept on hold and were meant to be revealed last month. Maruti is planning to launch its second-gen Celerio in a few months which will be powered either via 1.0-litre petrol or an optional 1.2-litre petrol engine, which will come with either an MT or AMT gearbox on offer.