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Old 12th July 2020, 21:26   #61
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Default Re: June 2020 : Indian Car Sales Figures & Analysis

This is a warning to Honda at the right time to review their pricing for 5th Gen Honda City once more before releasing it on 15th July 2020. Damage once done is forever(Example - Toyota Yaris). In one of the press release, Toyota have informed that they observe sales pattern shifting towards base variants since the onset of pandemic. In context, lack of base E or SV variant in next gen City is likely to put Honda India in back seat.

Toyota has been bold enough to increase the price of Toyota Yaris by upto Rs.1.68 lacs in July 2020. Had they reduced the price of base variant by 40k and higher variants by upto 100k they would have stood a chance to recover considering the likely higher pricing for 5th Gen Honda City.
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Old 21st July 2020, 17:45   #62
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Default Re: June 2020 : Indian Car Sales Figures & Analysis

New vehicle registrations down by 42% in June 2020

According to the data released by the Federation of Automobile Dealers Associations (FADA), vehicle registrations declined by 42% in the month of June 2020. Overall sales stood at 9,84,395 units, compared to 16,97,166 units in June 2019.

June 2020 : Indian Car Sales Figures & Analysis-fada1.jpg

2-wheeler sales declined by 40.92% to 7,90,118 units compared to the same month previous year.

June 2020 : Indian Car Sales Figures & Analysis-fada2.jpg

3-wheeler sales were down 75.43%. 11,993 units were sold compared to 48,804 units in June 2019.

June 2020 : Indian Car Sales Figures & Analysis-fada3.jpg

Passenger vehicle sales saw a decline of 38.34%. 1,26,417 units were sold compared to 2,05,011 units in June 2019.

June 2020 : Indian Car Sales Figures & Analysis-fada4.jpg

Sales of commercial vehicle dropped by 83.83%. 10,509 units were sold in June 2020 compared to 64,976 units in the same month previous year.

Tractor sales increased by 10.86% to 45,358 units.

June 2020 : Indian Car Sales Figures & Analysis-fada5.jpg

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Old 21st July 2020, 19:24   #63
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Default Re: June 2020 : Indian Car Sales Figures & Analysis

Frankly speaking this is better than expected. We have done almost 60% sale which is really good sign that economy will soon come on track. I know it will take few months, i am expecting it to happen from January 2021. June was the immediate month after nation wide lock down was over, still 58% sale is not that bad as people are saying. July may do around 70% is my guess. Market needs trigger now, Corona Vaccine is that trigger. Once people know that Vaccine is available, fear will go and demand will come back.

Hope for the best, fingers crossed !!
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