Coronavirus Leads To A Slump In Cars Sales In March 2020
While Maruti took the biggest hit in terms of volumes, VW saw its sales go down by 95 per cent
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The ongoing pandemic has had economic ramifications throughout the country and carmakers have reported a slump in sales as well, ranging from around 50 per cent to 95 per cent! The numbers in question pertain to March 2020. We have compared them to the numbers of March 2019.
| Rank by Volume |
OEM |
March 2020 |
March 2019 |
Growth |
| 1 |
Maruti Suzuki |
76,240 |
1,45,031 |
-47% |
| 2 |
Hyundai |
26,300 |
44,350 |
-41% |
| 3 |
Kia Motors |
8,583 |
NA |
NA |
| 4 |
Toyota |
7,023 |
12,818 |
-45% |
| 5 |
Tata Motors |
5,676 |
17,810 |
-68% |
| 6 |
Honda |
3,697 |
17,202 |
-79% |
| 7 |
Ford |
3,510 |
8,271 |
-58% |
| 8 |
Mahindra |
3,383 |
27,637 |
-88% |
| 9 |
Renault |
3,269 |
7,127 |
-54% |
| 10 |
MG |
1,518 |
NA |
NA |
| 11 |
Nissan |
826 |
2,902 |
-72% |
| 12 |
Skoda |
451 |
1,401 |
-68% |
| 13 |
FCA |
163 |
1,521 |
-89% |
| 14 |
Volkswagen |
131 |
2,751 |
-95% |
In terms of percentage Volkswagen has taken the biggest hit, selling 131 units in March 2020 compared to the 2,751 units they sold in March 2019. That is a 95 per cent drop in the numbers. While the percentage drop is big, the number in volumes is not that significant. The same cannot be said for Mahindra, which has seen an 88 per cent drop in sales in the same period. They sold 27,637 units in March 2019 and that number came down to just 3,383 in March 2020.
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In terms of volume, Maruti has taken the biggest hit. The company sold upward of 1.45 lakh units in March 2019, a number that came down to 76,240 in March 2020. That is a 47 per cent drop in sales for India’s most popular carmaker. Only Hyundai saw a smaller drop in percentage, with only 26,300 units sold in March 2020 compared to the 44,250 in March 2019 leading to a 41 per cent drop in their numbers.
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Newcomers Kia and MG have no previous numbers to go by but even their sales have taken a hit. The high-flying Kia Motors has seen its sales come down to 8,583 units in March 2020, from their previous month highs of around 15,000 units. MG sales have gone up when compared to February 2020.
No carmaker has managed to come out unscathed amid the ongoing pandemic and with the it currently plotting an upward trajectory, we expect this trend to continue in April 2020 as well.
