Around 252,998 passenger cars were sold in December 2020, registering double-digit growth of 13.59% compared to 222,728 units sold in December 2019, according to data shared by SIAM.
After a difficult year, strong December sales were the silver lining of 2020 for OEMs
Recovering from a difficult year on many fronts, the Indian passenger vehicle segment saw a silver lining as it ended the year on a high. The industry saw 252,998 units sold in December 2020, recording double-digit growth of 13.59% from 222,728 units sold in December 2019, according to data shared by the Society of Indian Automobile Manufacturers (SIAM). It should be noted that sales were already at an all-time low in December 2019 with less production and reduced inventories as manufacturers were in the process of switching to BS6 emissions regulations.
Also read: Car sales December 2020: Tata records highest quarterly passenger vehicle sales in 8 years
While sales of motor vehicles increased by double digits, the two-wheeler sector saw an increase of 7.42 percent with 11.27,917 units sold in December of last year. For comparison, 1,050,038 units were sold in December 2019.
At the same time, the passenger utility vehicle segment continued to experience drastic year-over-year volume declines. Sales of three-wheelers to 22,125 units last month, down 58.87%, from 53,975 units sold a year earlier. In addition, 33 quadricycles were sold in December 2020.
Collectively, the passenger vehicle industry grew 5.76% as it sold 1,403,041 units last month, up from 13,26,594 units sold in December 2019.
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