Try GOLD - Free

Car sales northbound in February

Steel Insights

|

March 2021

Indian auto sector seems to be in a growth drive, with passenger car sales clocking growth for the seventh month in succession.

- Ritwik Sinha

Car sales northbound in February

Around 3,08,593 units were sold in February 2021 against 2,50,645 units during the same month of 2020 with a volume increase of 23.1 percent. During the month, most of the top carmakers have seen sales going up.

Maruti Suzuki

The country’s largest passenger car manufacturer, Maruti Suzuki India (MSI), posted a 11.8 percent growth in its total cars sales (domestic + exports) at 164,469 units in February 2021, as compared to 147,110 units in the same month last year.

Total sales in the month include domestic sales of 147,483 units, sales to other OEMs 5,500 units and exports of 11,486 units.

During April-February, MSI posted sales of 1,290,847 units as against 1,479,505 units with 12.8 percent de-growth when domestic and exports were combined.

The Alto and S-Presso combined to register 23,959 units with 12.9 percent degrowth.

However, the entry-level compact models like Wagon R, Swift, Celerio, Ignis, Baleno, Dzire and Tour S endured 80,517 units in February 2021 as against 69,828 units with a 15.3 percent surge in volumes.

The Ciaz mid-size sedan managed to garner 1,510 units as against 2,544 units with 40.6 percent de-growth. The utility range also saw a healthy increase in sales last month.

The Ertiga, S-Cross, Vitara Brezza and XL6 contributed to a total of 26,884 units as against 22,604 units during the corresponding month in 2020 with an 18.9 percent on year sales increase. The Eeco posted sales of 11,891 units as against 11,227 units during the same period in 2020 with 5.9 percent growth. The super carry segment was responsible for 2,722 units with a massive 507.6 percent volume increase.

Hyundai Motor

MORE STORIES FROM Steel Insights

Steel Insights

Steel Insights

Steel's Net Zero mission

The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.

time to read

11 mins

November 2021

Steel Insights

Steel Insights

Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales

Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.

time to read

5 mins

November 2021

Steel Insights

Steel Insights

Seaborne coking coal offers remain range-bound

Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.

time to read

3 mins

November 2021

Steel Insights

Steel Insights

Global crude steel output down 8% in September

China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.

time to read

1 mins

November 2021

Steel Insights

Steel Insights

MOIL embarks on expansion projects

“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister

time to read

5 mins

November 2021

Steel Insights

Steel Insights

Iron ore handled by major ports down 17% in H1

The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.

time to read

1 min

November 2021

Steel Insights

Steel Insights

Shrinking China output to boost India exports

“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd

time to read

4 mins

November 2021

Steel Insights

Steel Insights

Indian Railways' iron-ore handling up 25% in H1

Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.

time to read

1 min

November 2021

Steel Insights

Steel Insights

September crude steel production up 7.2% y-o-y

India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.

time to read

2 mins

November 2021

Steel Insights

Steel Insights

“Five enablers: way forward to sustainable cleaner steel”

Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.

time to read

12 mins

November 2021

Translate

Share

-
+

Change font size