In January 2020, the overall passenger cars sales declined by 5.3 percent over the previous year and majority of the OEMs projected a negative growth. The industry is currently reeling to liquidate BS-4 stocks and all efforts are aligned in the direction.
The country’s largest passenger car manufacturer, Maruti Suzuki India (MSI) started off the New Year on a positive note, reporting increased sales after months of degrowth. MSI is has reported a 1.6 percent growth in its total sales (domestic + exports) at 154,123 units in January 2020, compared to 151,721 units in the same month of the previous year.
The company continued its lead in the market with 53.3 percent market share, up from 50.3 percent in January 2019.
Maruti Suzuki has recorded a marginal increase of 1.7 percent in sales in January 2020 selling 144,499 units in the domestic market as compared to 142,150 units it sold a year ago. The mini and compact segment always have been the major growth drivers for India’s largest carmaker and continue to do so moving ahead. The mini segment with products like the Alto, S-Presso and old WagonR went up by 10.8 percent at 25,885 units against 23,360 units sold in the same month last year. The compact segment including models like the Maruti Suzuki Dzire, Swift, Baleno and new WagonR among others surged by 11.6 percent at 84,340 units compared to 75,571 units sold a year ago.
The utility vehicle (UV) segment has been under pressure for quite some time now and even in January recorded a slump of 26.6 percent at 16,460 units as compared to 22,430 units sold a year ago. That said, company’s UV sales are expected to improve once the 2020 Vitara Brezza petrol goes on sale this year. The model along with the Ertiga MPV has been a significant volume generator but is losing sheen towards the end of its lifecycle, more so with unavailability of a petrol engine.
That said, Maruti Suzuki has taken a serious hit in the mid-size sedan segment with sales of the Ciaz going down by 71.5 percent at just 835 units as compared to 2934 units which were sold a year ago. The vans segment went down by 18.6 percent at 12,324 units as compared to 15,145 units which were sold in January last year. Moreover, sales of the Super Carry light commercial vehicle (LCV) declined by 11.2 percent at 2406 units as compared to 2710 units which were sold a year ago.
Maruti’s exports remained almost flat at 0.6 percent at 9624 units as compared to 9571 units it exported in the same month last year. Maruti’s cumulative domestic sales between April and January dipped by 15.1 percent selling 12,45,197 units against 14,66,987 units it sold in the same period a year ago. The exports during the same period stood at 87,198 units as compared to 88,704 units sold during the same period last year witnessing a slump of 1.7 percent.
The country’s second-largest carmaker, Hyundai Motor India reported a 3.37 percent decline in total sales at 52,002 units in January 2020.
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Seaborne coking coal prices stable in April
Seaborne coking coal offers remained range-bound in April 2021, amid sufficient supply and limited demand from China and other major consuming markets, industry sources said.
Traffic handled by major ports down 4.6% in FY21
The 12 major Indian ports handled 673 mt of total traffic during FY21, lower by 5% than 705 mt recorded for FY20, according to data released by IPA.
Global crude steel output up 12.65% in March
World crude steel production of 64 countries reporting to the World Steel Association was up 12.65 percent at 169.20 million tons (mt) in March against 150.20 mt in February.
“NMDC will increase production by more than 50% in three to four years.”
Iron ore mining showed a sharp growth on a yearly basis in FY21 on the back of robust demand from the steel sector due to the sharp recovery in domestic as well as global demand. And NMDC was well-positioned to take advantage of it. Despite Donimalai mine remaining shut and heavy rains hampering mining activities in Chhattisgarh, the state-owned miner was able to post significant growth in operations in FY21. And with the resumption in mining at Donimalai, 10 mtpa of upcoming beneficiation facilities and with new reforms in mining rules, NMDC is set for brighter days ahead. Sumit Deb, Chairman-cum-Managing Director of NMDC spoke to Ritwik Sinha of Steel Insights on various opportunities for capacity enhancement and efficiency improvements.
Worldsteel sees steel demand growth at 5.8% in 2021
Steel demand will grow by 5.8 percent in 2021 to reach 1,874 million tons (mt), after declining by 0.2 percent in 2020. In 2022, steel demand will see further growth of 2.7 percent to reach 1,924.6 mt, according to World Steel Association (worldsteel), which released its Short Range Outlook (SRO) for 2021 and 2022.
Scrappage Policy to turn mandatory
May boost demand for new vehicles
March crude steel production up 24% y-o-y, 8% m-o-m
India’s crude steel production stood at 10.027 million tons (mt) in March, up 24 percent over March 2020 and by 7.8 percent over February, provisional steel ministry data showed.
Fiscal ends on a high for auto sector
Auto sales in FY21 ended on a high, with a 128 percent growth in March 2021 at 320,487 units, compared to 140,566 unit sold in the year-ago month. Top six auto makers posted a whopping triple digit growth during the month.
Iron ore offers remain firm
In a recent auction bids for around 24,000 tons of iron ore fines was received for a mine in Chhattisgarh for Fe 56-58%. The material was offered at ₹2700-3400 per ton including royalty, DMF and NMET.
NMDC posts 8% growth in iron ore production in FY21
NMDC, country’s largest iron ore producer, has witnessed a spectacular growth both in production and sales in FY21.
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