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7/1/21

Car sales up in June:Bajaj Auto saw strong growth of 24%, Escorts sold 1682 more tractors than May









Automobile companies have released vehicle sales figures for June 2021. This time the statistics have turned out better than expected. Bajaj Auto Sales has seen an annual growth of 24 per cent. The company sold a total of 3,46,136 units in June. As well as Escorts sold 12,533 units last month. The second wave of the Covid-19 epidemic led to disappointing auto sales figures for most companies in May. Take a look at the auto sales statistics of all the companies.

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Bajaj Auto saw a growth of 24%

Bajaj Auto sold 3,46,136 units in June with a growth of 24%. The company had sold 2,78,097 units in June last year. That means the company sold 68,039 more units last month. The company had domestic sales of 1,61,836 units last month, compared to 1,51,189 units last year. That is 7% growth in domestic sales.


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The company sold 3,10,578 units of motorcycles in June with a growth of 22 per cent, up 55,456 units from the same period last year. The company had sold 2,55,122 units of the motorcycle in June last year.
Commercial vehicle sales stood at 35,558 units, up 55 per cent from 22,975 units in the same month last year. Exports rose 45 per cent to 1,84,300 units in June from 1,26,908 units in the same month last year.


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1682 units of escorts tractors sold more

The Escorts tractor sold a total of 12,533 units in June. The company had sold 10,851 tractors in the same month last year. I.e. it sold 1682 units more. Escorts said in its BSE filing that domestic tractor sales stood at 11,956 units as against 10,623 units in June last year.
Exports of Escorts Agri Machinery increased to 577 units from 228 tractor units sold in June last year. The company said the coming months could see a boom in commercial activity.

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3 main reasons to increase car sales

Manufacturing plants reopened: Manufacturing plants of car companies have been shut down continuously this year due to the Covid 19 epidemic. Many companies shut down their plants and supplied oxygen to hospitals. However, conditions began to return to normal in late May and early June. The plant was then opened with planning.






Supply chain begins: The main reason for the decline in car sales in May was the supply chain breakdown. The chain supplying it with the raw materials used in production was broken. However, when the supply chain resumed in June, the demand for cars increased.


Phased lockdown opened: In view of the increasing cases of covid, many states had implemented lockdown since April. However, rapid vaccination reduced the incidence of covid. This led to a phased lockdown in June. Demand for this specialty has grown significantly as a result of recent corporate scandals.

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