Festive push, pent-up demand boost Nov auto sales (Roundup)

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New Delhi/Chennai, Dec 1 | Healthy off-take on the back of festive season accelerated major automobile players’ year-on-year sales during November.

However, some companies reported a slower off-take on the sequential basis.

Nevertheless, analysts cited factors such as pent-up demand, attractive interest rates, preference for personal mobility over public transport due to the pandemic as other key reasons for the upswing.

Amongst the major players, Maruti Suzuki reported a growth of 1.7 per cent in its overall sales during November 2020 on a year-on-year basis. The company sold 1,53,223 units of vehicles last month, against 1,50,630 units sold in November 2019.

On a sequential basis, the company sold 1,82,448 units of vehicles in October 2020. Besides, the other major passenger vehicle giant Hyundai Motor India’ overall sales including exports slipped during November amid the Covid-19 pandemic.

The company reported a 2.1 per cent fall in its overall sales to 59,200 units from 60,500 units sold during November 2019. On the other hand, it reported a 9.4 per cent rise in its domestic sales to 48,800 units from 44,600 units sold during the corresponding month of the previous year.

But, exports fell by 34.6 per cent to 10,400 units from 15,900 units shipped out during November 2019.

Another auto giant, Tata Motors reported a 20.73 per cent rise in its total sales for November on a year-on-year basis to 49,650 vehicles sold compared from an off-take of 41,124 units during November 2019.

Besides, the company’s total domestic sales rose by 26 per cent to 47,859 units from 38,057 units off-take in November 2019. Nevertheless, on a sequential basis, the total domestic sales were lower by 4 per cent, at 47,859 units from 49,669 units off-take in November 2019.

Similarly, Mahindra and Mahindra reported a rise in its overall sales during November. The company reported a 3.6 per cent growth in its vehicle sales to 42,731 vehicles as compared to 41,235 during the same period last year.

M&M’s Chief Executive Officer, Automotive Division Veejay Nakra noted: “At Mahindra, we are happy to achieve strong double digit growth in SUVs during the month of November, aided by a robust festive demand for all our products.”

“Given strong rural growth and signs of improvement in economic activities, we are hopeful to see this positive momentum continue post the festive season.”

On pick-ups and commercial vehicles performance, Nakra said that the company have witnessed double digit growth in pick-up vehicles.

In contrast, exports for the month of November 2020 were at 1,636 vehicles, lower by 38 per cent on a year-on-year basis.

The wholly owned subsidiary of Kia Motors Corporation, Kia Motors India maintained strong sales momentum in the month of November 2020 by registering total sales of 21,022 units in November 2020.

“With Sonet dominating the compact SUV market in India with 11,417 units sold, the company posted a robust growth of 50 per cent over the same period last year,”

Auto major Toyota Kirloskar Motor announced that the company sold a total of 8,508 units during the month under review, thereby clocking a growth of 2.4 per cent when compared to its wholesales in November 2019.

Besides, the two-wheeler and commercial vehicle manufacturer Bajaj Auto reported a 5 per cent growth in total sales during November on a year-on-year basis. The company’s total sales during the month under review grew to 4,22,240 units from 4,03,223 units sold during the corresponding month of 2019.

Another two-wheeler and commercial vehicle manufacturer TVS Motor Company closed last month selling 322,709 units up from 266,582 units sold in November 2019.

In terms of the two-wheeler segment, Hero MotoCorp reported 14.4 per cent growth in its sales for November at over 5,91 lakh units.

In November last year, the two-wheeler major had sold 5.16 lakh units.

Another two-wheeler major Honda Motorcycle and Scooter India (HMSI) reported positive YoY sales growth in November, the fourth consecutive month in FY21.

Honda’s total sales closed at 433,206 units, which was 9 per cent higher over 396,399 units sold in Nov’19. The company’s domestic sales grew 11 per cent to 412,641 units in November 2020 compared to 373,283 units a year ago.

“Slight dip over the previous month and a decent growth year-on-year to the previous year of the passenger car volumes indicate the temporary upswing in the wholesale volume on account of festive season and discretionary purchases and a lingering weakness to stimulate a more robust demand,” said Sridhar V, Partner, Grant Thornton Bharat LLP.

According to Shruti Saboo, Associate Director, Corporates, India Ratings & Research: “Rural income and a shift to personal mobility continued to be positive for 2W and PV sales. The segments also benefitted from pick up in business activities, improving employment rate, and roll-back of salary cuts undertaken by corporates during initial months of covid pandemic.”

“The macro-economic indicators have also shown a gradual improvement which in turn shows pick-up in economic activities. As such, Light commercial vehicle and intermediate commercial vehicles demand improved,” she added.

Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: “The early data of automobile sales for Nov 2020 suggests that a higher sustainable demand in the sector post festive season remains uncertain.

“Clearly, the strong channel push made by the manufacturers in the months of Sep and Oct has led to a significant inventory build up at the dealer level due to lower retail sales than expectations.”

Source: IANS

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Meet Gurmeet singh Shunty A New Superhero With Turban

In the last year, the whole world was struck by a large pandemic. The year 2020 came with a pandemic called coronavirus which affected the whole world badly. Coronavirus in India resulted in great downfalls in health, economy, unemployment, and so on. Lakhs of People Lost their lives, jobs, and their loved ones. The whole year was very disturbing for each section of society. Coronavirus in India resulted in great downfalls of health, economy, unemployment, and so on. The whole year passed with a large Tension and fear for all the peoples. In the hard times of coronavirus spread, a lot of peoples came out and helped the person in need and It is one of the very few positive effects of Covid-19.

During the blast of the Covid-19 pandemic in the world our volunteers have demonstrated an exceptional display of solidarity across the world and our society. However, this is also the year which witnessed the world coming together to fight coronavirus. The year with its share of trials and tribulations threw up some exemplary work being done by organisations and individuals in this difficult time as the pandemic spread, a new breed of warriors with an indomitable spirit stood up bravely against it to take on the challenge head on.

In the hard times of lockdown, a lot of peoples came out and helped the person in need and It helped the society to live again with a hope of being helped in bad time. During the Large spread of the Covid-19 pandemic in the world our leaders of the society have demonstrated an exceptional display of solidarity across the world and in our society too. They did a Great work in every aspect needed at that time, from Responding to calls for help from their local communities to help them by going on roads, they are everyday heroes who came as a preserver for them.

They do wear masks and face shields to protect themselves and spread awareness in the society to follow each rule and regulation. We can say that there are many things which has spread faster than the coronavirus during the pandemic, it has been the noble works, fearless steps, selfless service and recognition of Gurmeet Ji and his supporters who continued to work day and night to save other’s lives. He also set up camps and volunteer help alongside highways and by roadsides, just to provide relief and support the migrant workers going back to their places all over India.

Among the Great hidden heroes who worked day and night to fight during lockdown, one such person is Gurmeet Singh shunty ji, who is the ex general secretary of delhi sikh gurudwara committee.Being at such great post he always learned to do sewa and that teaching has been always with him which dedicated him towards the society to work for the people of his own nation and humanity. Gurmeet Ji worked 24×7 , without caring of himself. He is the person who have been stepping in to help during the pandemic and they all have been a portrait of selflessness and optimism to this society.

Gurmeet Ji believe that our selfless acts or Sewa in any form must be done to save humanity, Sewa require a true heart and helping nature which will bring both helper and victim happy. During the tough times of coronavirus, Gurmeet Ji and his volunteers came out of their comfort zones to help lakhs of migrants workers who wanted to go back to their hometown during the COVID-19 lockdown. So in that  time  when the world undergoes such vast pandemics which affects all the person Whether it’s a small or large donation of money, resource or humanity, each things matter.

During the tough times of coronavirus, when everyone was thinking of themselves First, Gurmeet Ji and his volunteers came out of their comfort zones to help lakhs of migrants workers who wanted to go back to their hometown during the COVID-19 lockdown.Despite of being older in age,He did not let himself to be inside house and watch news of the suffering surroundings but he helped as many people as he could during the crisis by arranging food, buses, trains and most importantly by giving a warmth of love and care.He created a large team just to help the peoples in problem and inspired many others to do so. We can say that there are many things which has spread faster than the coronavirus during the pandemic, it has been the noble works, fearless steps, selfless service and recognition of Gurmeet Ji and his supporters who continued to work day and night to save other’s lives by risking his own and his family’s health. They didn’t even meet their family members and specially children for months,for their Safety and some even spend nights in their vehicles and outside home to assure that the virus doesn’t spread further to their loved ones and family members. Government took various steps to save our nation from the bad impacts of corona spread and one of them was lockdown. Lockdown was done to stop the spread the corona in nation but it resulted in great losses.when lots of People were on Roads, lots have nothing to eat and some were not having anyone for their care, without any money and food thousands of People covered thousands of kms on their feets, with their families and whatever they had earned in their lifetime, there comes some unknown super heroes of our society who helped them selflessly.

Their faces get rashed by the mask marks, they continuously took medicines to save themselves and others too. They maintain distance from their own members in order to help other persons to reach their destinations. In the bad times we get to know about many such People and These are the people who are helping in restoring humanity’s faith by coming up with novel ideas and their great works which inspires whole society to come ahead. That was the time when a number of labourers, their children and other family members were forced to return back to their places but Gurmeet Ji risked his life to save theirs.He started his service with providing cooked food as langar sewa and later switched to dry rations too, with the objective that people in need should not go to sleep on an empty stomach and they must not loose their hearts and continue their journey with less problems. It’s very hard to find such person in this crucial time when everyone put themselves first but Gurmeet Ji believe in his teachings and said “our panth has taught us the lesson of jan sewa, and we will continue this legacy till our last breathe.”

All the people who helped any of the person in need will be in their memory for forever as they made them believe on brotherhood and humanity in such a Crisis. It is beleived that in when some person get trapped in trouble even your shadow leave your side but the persons like Gurmeet Ji taught each and every person of society that we Must help each other to maintain love and care in society which will make then believe in the existence of god. If God has given you the power and resources to help others you must move forward as your one step can change anybody’s life.Gurmeet ji said that “our great sangat give us the teachings of sharing whatever less or more you have and These teachings which I started learning since my childhood inspired me to help my brothers and sisters of this society. ” He further added that he feel so happy and blessed that he could be the reason of anyone’s little smile. He requested everyone that even Your small step can save someone’s life and make them beleive into humanity and brotherhood.He started his service with providing cooked food as langar sewa and later

 

switched to dry rations too, with the objective that people in need should not go to sleep on an empty stomach and they must not loose their hearts and continue their journey with less problems.

He also set up camps and volunteer help alongside highways and by roadsides, just to provide relief and support the migrant workers going back to their places in UP, Bihar and even farther. It was clearly seen during the pandemic when thousands of people were going towards their villages with their small children and had nothing to feed them, at that time Gurmeet Ji provided them food ,water and other necessary items which brought  beautiful smiles and tears of happiness in their eyes as they never expected that in this crucial time there could be someone who will act as a survival medium for them.

At that time many warriors came in the front line to help the society. Despite being senior in age Gurmeet singh Shunty ji, was the Person who came out of the house when everyone was locked. He was standing in the crowd to help them reach their houses and made  very hard decisions at the right time.

We need to Recognise these Heroes so that they could work more and more for the welfare of this society. We need to Recognise these unsung Heroes so that they could work more and more for this society as “this society is all about give and take.”  They have given millions of smiles and its our time.They must be appreciated for their noble works to boost such works of brotherhood. They have given millions of smiles and its our time to pay them back.

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