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The phased easing of Covid-induced curbs worked in favour of automakers for building up the dealership inventory to meet the pent-up demand
Indian carmakers are expected to have dispatched up to 245,000 units to retail outlets in June, amid sustained operations during the lockdown and falling Covid-19 cases, The Economic Times reported on Wednesday.
The phased easing of Covid-induced curbs worked in favour of automakers, giving them an opportunity to build the dealership inventory to meet the pent-up demand.
Numbers likely to double on year-over-year basis
Factory dispatches in June 2021 are likely to more than double from the same month last year, when the first phase of unlocking the economy began following the first wave of Covid-19 infections.
It may be recalled, in June 2019, before pandemic, automakers sent 220,000 units to retail outlets across the country. Dispatches in June are about four-fifths of the March quarter average, with retailing inventory rising to 35-40 days from about 20 days, the report said.
Higher than average dispatches
Lost volumes in April and May due to the severe second wave of the Covid-19 infections are seen recovering in June. Dispatches in June 2021 are still higher than the average of 227,000 units for the month of June between 2015 and 2019, the report said quoting industry data.
In May, Passenger vehicle wholesales in India witnessed a month-on-month decline of 66% due to the lockdown and movement restrictions. PV wholesales in the previous month stood at 88,045 units, as compared to 2,61,633 units in April.
Historical data
