No relief! Slowdown continues in automobile sector in June

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No relief! Slowdown continues in automobile sector in June

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The slowdown in auto sector continued in June with massive drop in sales figures across all segments, including passenger vehicles and two-wheelers. Automobile sector was on a downward slope even before coronavirus outbreak, but the pandemic has made the situation worse.
Story: Shivani Sharma
Design: Pragati Srivastava

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In June 2020, the passenger vehicles industry produced a total of 107,842 units (-57.6 per cent YoY), while domestic sales declined sharply to 105,617 vehicles (-49.6 per cent YoY) and exports declined to 24,965 vehicles (-56 per cent YoY).

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In June 2020, production of two wheelers stood at 952,386 units (-50.2 per cent YoY), while domestic sales fell to 1,012,628 units (-38.6 per cent YoY) and exports to 195,332 units (-34.2 per cent YoY).

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Production of three-wheelers stood at 32,815 units (-60.8 per cent YoY), while domestic sales fell to 10,300 units (-80.2 per cent YoY) and exports declined to 25,805 units (-35 per cent YoY).

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In Q1FY21, the passenger car industry produced a total of 145,291 vehicles (-83.9 per cent YoY), while domestic sales declined to 139,136 vehicles (-79.3 per cent YoY) and exports declined to 44,130 vehicles (-74.7 per cent YoY).

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In Q1FY21, production of two-wheelers stood at 1,248,332 units (-78.5 per cent YoY), while domestic sales fell to 1,291,845 units (-74.2 per cent YoY) and exports declined to 337,728 units (-61.8 per cent YoY).

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Production of three-wheelers stood at 62,332 units (-76.7 per cent YoY), while domestic sales fell to 12,760 units (-91.5 per cent YoY) and exports declined to 50,631 units (-59.6 per cent YoY) in first quarter of this current fiscal.

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In Q1FY21, production of commercial vehicles stood at 28,939 units (-87.6 per cent YoY), while domestic sales fell to 31,636 units (-84.8 per cent YoY) and exports declined to 3,870 units (-66.7 per cent YoY).