Automakers dip fleet sales in July-September quarter amid Coronovirus epidemic – business news

Automakers dip fleet sales in July-September quarter amid Coronovirus epidemic – business news

Major passenger vehicle manufacturers Maruti Suzuki, Hyundai Motor and Toyota Kirloskar Motor have seen a huge drop in fleet sales during the coronovirus epidemic in the July-September period.

Fleet segment sales declined during the period under review as people were choosing individual mobility options at the expense of shared and public transport to maintain distance in times of epidemics.

“There has been extreme opposition from customers against shared mobility and public transport and they are clearly looking at personal transport. If we take a look at our portfolio data, fleet sales include shared mobility, a decline of 69 per cent in the second quarter. ”Said Shashank Srivastava, executive director (sales and marketing), Maruti Suzuki India.

He said that keeping in view the period April-September, the decline in fleet sales was 77 per cent compared to the previous year.

Srivastava said, “As a result of our portfolio, fleet sales fell to 2.4 per cent last year with 7 per cent (contribution to total sales).” ”

The auto major offers a tour range of variants of the hatchback, sedan, van and MPV segments for commercial use in models such as Alto, WagonR, Celerio, Eeco, TourS and Ertiga.

Hyundai Motor India, which sells its compact sedan Xcent in the fleet segment, has also seen a decline in sales in the Sevid-19 segment post.

“Demand has shifted from shared mobility to individual segment, so obviously the fleet segment has been affected. Many financiers are also finding it difficult, they are not sure about the future business of this segment, so they are also getting tighter, so the market for the fleet segment is declining, ”Director of Hyundai Motor India ( Sales, marketing and service) stated Tarun Garg.

There has been no impact on overall sales as the individual segment is more to the detriment, he said.

“We continue to monitor the situation. While this may be a short-term phenomenon, the shared mobility segment has done so well in global markets. Once the epidemic is over, it can start doing better in the future.

However, the company did not share absolute numbers.

Similarly, Toyota Kirloskar Motor (TKM) said it saw institutional sales of the Innova Crysta drop during the second quarter.

“The fleet segment has been hit very badly. It has really come to a standstill. People are not willing to just sit in taxis and shared cars. This is a very challenging scenario. Naveen Soni, senior vice-president (sales and service), TKM, said the taxi segment alone had a 15–20 percent drop compared to a year earlier.

Innova Crysta’s institutional sales, including taxi, corporate and government sales, declined 65.72 percent to 1,386 units in the July-September quarter of this year from 4,044 units a year earlier. What was said. According to the data updated by the Union Ministry of Health on Saturday, India’s Kovid-19 Casiolad has climbed to 84,62,080.

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