Let’s talk about the sales numbers of automobile majors on ayear-on-year basis.
We will be comparing numbers for the year ending in March2020 and the year just closed a couple of days ago i.e. March 2021.
Last year’s March was a time when the pandemic panic wasbeginning and a nation-wide lockdown became a reality.
Now, most of us seem to have survived the pandemic even if mostof us are financially in trouble. However, the stock markets are near lifetimehighs (Nifty is near 15,000 while Sensex is near 50,000).
Mahindra & Mahindra sold much more than the 6,679units sold in the year-ending March 2020. The company claims that the growth insales in March 2021 has been unprecedented. In the utility vehicles sector, thiscompany sold 16,643 vehicles in March 2021 compared to 3,111 in March 2020.
Maruti Suzuki posted an impressive 99% growth in itssales. The company sold 167,014 vehicles in March 2021 compared to 83,792 inMarch 2020.
Ashok Leyland sold 17,231 vehicles in March 2021 as comparedto 15,105 in March 2020.
All in all, one wonders could these numbers indicate thatthe lull due to the pandemic COVID19 is finally over and we can look forward topre-COVID economic activity?