Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

India’s auto production in May stood at 806,755 units, a drop of 67pc compared to May 2019. The figure includes two-wheelers, passenger vehicles, three-wheelers and quadricycles, according to data releases by Society of Indian Automobile Manufacturers (Siam) on Friday. 


May 2020 and May 2021, both witnessed abnormal production and sales levels and comparison holds no meaning, said Siam. Hence, the number has been compared with May 2019 levels which gives a more realistic picture. 


Major part of the country was under lockdown in May. Several market participants had to shut down auto manufacturing processes to divert oxygen to medical use amid shortage during the second wave of COVID-19. 


Domestic Production

Total passenger vehicle production in May 2021 stood at 300,706 units, 57pc less than May 2019 levels. Three-wheeler production has dipped 49pc to 46,577 units and two-wheeler production dipped 69pc to 631,560 units. 


Domestic Sales

Total domestic sales in May stood at 442,013 units, 78pc lower than May 2019. Passenger vehicle sales in May slipped by 61.2pc to 88,045 units. Two-wheeler sales plunged drop by 80pc to 352,717 units while three-wheeler sales faced the highest de-growth of 97.6pc to 1,251 units. 

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