After an upswing in car sales in October, due to festivities, November sales seems to be on the dull side as domestic sales during the month was around 286,469 units, as against 333,659 units in October, registering a 14 percent on month de-growth and a 9 percent growth over 263,355 units sold in November of 2019.
Maruti Suzuki
The country’s largest passenger car manufacturer Maruti Suzuki India (MSI) reported 1.7 percent growth in November, selling 153,223 units, over the same period last year.
Sales include domestic sales of 138,956 units and 5,263 units for other OEMs. Maruti exported 9,004 units in November 2020 as against 6944 units exported in November 2019. That said, the company reported an impressive growth of 29.7 percent in this area.
In entry-level cars, the Alto and S-Presso reported a combined sales of 22,339 units in November compared to 26,306 units sold during the same period last year.
On the other hand, cars like WagonR, Swift, Celerio, Ignis, Baleno, Dzire, Tour-S showed a combined sales of 76,630 units in November 2020. Coming to the midsize sedan segment, the Maruti Suzuki Ciaz reported a sale of 1,870 units last month while cars like Gypsy, Ertiga, VitaraBrezza, XL6, S-Cross witnessed a combined sales of 23,753 units. The company’s Omni and Eeco vans reported 11,183 unit sales last month.
In commercial vehicle (CV) segment, the Super Carry registered 3,181 unit sales in November.
Combining all these numbers, the company’s domestic sales including passenger vehicles and light commercial vehicles stood at 138,956 while sales to other OEMs were 5,263 units.
This story is from the December 2020 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 2020 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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.
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.
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.
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.
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
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.
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
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.
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.
“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.