Sales have been declining, although coronavirus mortality has been increasing, in what could be defined as a repeat of last year. Buyer trust is at an all-time low, which is understandable. Despite this, the industry isn't doing as badly as it seems. It could have turned out a lot worse. In reality, the rate of degrowth is lower than we expect. As compared to March 2021, almost all carmakers saw a drop in sales. The yearly comparison would be impossible since the entire industry was shut down in April 2021. Maruti Suzuki, the market leader in terms of vehicle sales, sold 1.35 lakh units in April, compared to 1.46 lakh units in March 2021.
The figures shrank by 7.06 percent as a result of this. Hyundai's April sales totaled 49,002 units, compared to 52,600 units in March. In a nutshell, 6.84 percent degrowth. Tata Motors, which climbed to third place a few months ago, sold 25,000 cars in March 2021, compared to 30,000 in March 2021. Overall, this has resulted in a 15.37 percent decrease. Mahindra and Mahindra is one of the few car companies that has flourished in these difficult times. In April 2021, 18,285 Mahindra cars were sold, putting the company in fourth position in terms of revenue.
This also leads to a 9.50% increase. When it comes to growth, Honda Car India, which is currently ranked seventh, has increased by 27.72 percent. With a percentage of 53.60, MG appears to be the hardest hit in this fall.
The scene is unlikely to change much in May, as many states have declared a state of emergency. At the same time, we anticipate revenues to be lower than those seen in April. In May, a number of manufacturers will debut new products. These launches were postponed until the end of April.