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General positivity in wholesale auto original equipment manufacturer volumes was sustained during February 2021, barring isolated exceptions.
On the whole, broad trends observed were –
- decent month-on-month uptick for most companies across segments,
- continuance of urban catch-up vis-a-vis rural and
- further momentum in fledgeling commercial vehicle revival.
In the two-wheeler pack, market leader Hero MotoCorp Ltd. remained an underperformer (1.5% YoY growth to 5.05 lakh units, including 3.3% motorcycle dip and 120% jump in scooters).
Passenger vehicle bellwether Maruti Suzuki India Ltd.’s volumes grew 10.3% YoY to 1.62 lakh units, accompanied by further product mix improvement (utility vehicle up ~19% versus mini and compact growth of 7.3%).
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