Auto sales register degrowth in May 2021

After sustained acceleration of growth throughout the recovery phase of the first wave of the pandemic, PV sales have nosedived mostly due to supply chain factors. Maruti Suzuki reported a sequential decline of 71 per cent in May.

In two-wheelers (2W) segment, market leader Hero MotoCorp reported sequential decline of 51 per cent, led by sharp fall in scooters volumes. Bajaj Auto reported a sequential decline of 31 per cent.

Commercial vehicles's performance continued to remain sluggish as was the case even before second wave. Aggregate volume sales declined by 45 per cent on monthly basis in May 2021.

While M&M reported a decline of 12 per cent, Escorts' volumes declined 8 per cent.