13.59% increase in passenger vehicle sales in December 2020

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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.


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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.

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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.

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Automakers ended the year on a high as December 2019 sales set a weak base in terms of year-over-year difference

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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.

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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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