The Indian automotive industry faced a YoY decline of 47.2% with only 1,16,928 units sale.
Honda received the worst hit with 86.4% decline YoY.
Market share for Maruti Suzuki falls by 6.2% while Kia grows its market share by the same percentage.
Brands like Tata, Renault, Volkswagen and Skoda shows a rise in market share even with declined sales.
When it comes to an Indian family, comfort, good mileage, performance and better pricing are the priorities while buying a car. Market research is "quantitative and qualitative research of a respective market". Going with the public opinion, forums and reviews from real-time users can help us effectively make a decision. And hence knowing where the current market stands do not only help you while making a decision regarding cars but also helps you with future investments.
With the current pandemic and lockdown, car sales have decreased considerably but with the world opening up again, the car sales are expected to rise in coming months.
Mentioned below are sales statistics of various carmakers for June 2020:
June 2020 has been a good recovery month for the automobile sale but it still shows a 47.2% decline compared to last year. Only 1,16,928 cars were sold in the Indian market for June 2020. Here are the sales numbers of the top-grossing carmakers for June 2020.
Sales statistics for June 2020:
The carmaker received the biggest hit in terms of market share with mini car sales falling 44% and compact car sales decreasing by 58%. The carmaker totals at 51,274 units for June 2020. The total sales drop by 53.8% with 51,274 units for June 2020. Maruti-Suzuki being one of the biggest carmakers and the biggest shareholders in the Indian automotive industry also encountered a market share drop of 6.2%. The sales numbers of Maruti-Suzuki consists of highest units of Alto at 7,298 and least unit sales of Ciaz at 553 units.
Hyundai Motor India
Hyundai Motor, the second-largest carmaker in India is facing a decline in sales with only 21,320 units being sold for June 2020. It’s a 49.2% sales reduction compared to the same month last year. On the plus side, the car sales have risen noticeably compared to the month of may when Hyundai just sold 6,883 units in India. new launches like Creta, Aura and Verna covers most of the sales number for last month. The highest units sold for Hyundai were of Creta at 7,207 while the lowest was of Elantra at just 15.
For Tata Motors, the retail sales were higher by 27% compared to wholesale sales. Tata Motors noticed highest rise in terms of shares with 3.7% growth. The Indian carmaker sold 11,419 units for June 2020 with a percentage decline of 14.50% in sales compared to last year. The Tiago was highest grossing for Tata with 4,069 units while Tigor stood lowest at just 553 units.
Mahindra sold 7,959 units in the month of June 2020 with a decline of 55.2% in sales. Mahindra Bolero covers most of the sales with 3,292 while Verito only sells a single unit.
Kia is one of the carmakers with relatively positive market share. The market share of Kia stands at 6.2% while market share of Maruti Suzuki drops by the same percentage. Kia has sold 7,275 units for June 2020. The top grossing Kia still remains the flagship Seltos at 7,114 units.
Renault sold 4,634 units in the month of June 2020 with a decline of 14.2% in sales. Renault Kwid was the top seller with 2,441 while duster only sold 129 units.
Toyota Kirloskar sold 3,866 units in the month of June 2020 with a decline of 63.5% in sales. As always, Toyota Innova hits the top again with 2,085 sales while Camry only sells 26 units.
The post pandemic era demands a personal vehicle over public transport. The June 2020 sales show newfound demand for low-budget family hatchbacks as well as the family MUVs.
Here are the top 25 cars that made the highest sales for June 2020:
The car sales have been improving exponentially as the country is preparing to get back to normal. The May 2020 car sales show only 36,697 sales as oppose to 1,16,928 units for June 2020. The car sales are expected to rise further as a lot of carmakers are coming up with financial aids as well as discounts and offers for coming months.
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