COVID-19 AFFECTS INDIAN AUTO INDUSTRY

The Indian auto industry produced 1,486,564 automobiles during the first quarter of FY202021, recording a decline of (-)79.39 per cent as compared to the production of 7,213,045 vehicles in the first quarter of FY2019-20. In the month of June 2020, 1,094,363 autos were produced, down (-) 51.44 per cent as compared to 2,253,404 vehicles produced in June 2019. In the first quarter of FY202021,1,491,216 autos were sold, down (-) 75.49 per cent as compared to the sale of 6,084,478 vehicles in the first quarter of 2019. In June 2020, 1,129,348 Passenger Vehicles (PVs), Three Wheelers and Two Wheelers were sold as compared to the sale of 1,910,882 PVs, Three Wheelers and Two Wheelers in June 2019. Sales figures for CVs for June 2020 were not available. In Q1 FY202021,31,636 Commercial Vehicles (CVs) were sold, down (-) 84.81 per cent as compared to the sale of 208,310 CVs in Q1 FY2019-20. In Q1 FY2020-21,4,403 M&HCVs were sold, down (-) 98.4 per cent as compared to the sale of 74,333 M&HCVs in Q1 FY2019-20. Sales figures for June 2020 were not available. In Q1 FY2020-21,27,233 LCVs were sold, down (-) 79.67 per cent as compared to the sale of 133,977 units in Q1 FY2019-20. Sales figures for June 2020 were not available. In Q1 FY2020-21,12,760 Three Wheelers were sold, down (-) 91.48 per cent as compared to the sale of 149,797 units in Q1 FY2019-20. In June 2020, 10,300 Three Wheelers were sold, down (-) 80.15 per cent as compared to the sale of 51,885 units in June 2019.

Exports

In Q1 FY2020-21,436,628 automobiles were exported, down (-) 64.49 per cent as compared to the export of 1,196,039 vehicles in Q1 FY2019-20. In June 2020, 246,079 PVs, Three Wheelers and Two Wheelers were exported as compared to 393,692 PVs, Three Wheelers and Two Wheelers being exported in June 2019. Export figures for CVs for June 2020 were not available. In Q1 FY2020-21, 3,870 CVs were exported, down (-) 66.81 per cent as compared to 11,660 units in Q1 FY2019-20. In Q1 FY2020-21, 1,234 M&HCVs were exported, down (-) 72.84 per cent as compared to the export of 4,544 M&HCVs in Q1 FY2019-20. Export figures of M&HCVs were not available for June 2020. In Q1 FY2020-21, 2,636 LCVs were exported, down (-) 62.96 per cent as compared to the export of 7,116 LCVs in Q1 FY2019-20. Export figures of LCVs were not available for June 2020. In Q1 FY202021, 50,631 Three Wheelers were exported, down (-) 59.55 per cent as compared to the export of 125,179 Three Wheelers in Q1 FY2019-20.