Downhill drive continues for Indian auto industry in May 2019

Both production and sales have taken a hit in the Indian auto industry for the month of May 2019. The downhill drive continues for the industry, according to the latest sales and production data shared by the Society of Indian Automobile Manufacturers (SIAM).

In the month of May, the total sales of passenger vehicles, commercial vehicles, three wheelers and two wheelers recorded a -8.62 per cent of negative growth in domestic sales (2086358 units sold in domestic market in May 2019 as compared to 2,283,262 units sold in May 2018).

The degrowth or negative growth recorded in the passenger vehicles industry at -20.55 per cent (239,347 units in May 2019 as compared to 301,238 units in May 2018).

DOMESTIC SALES & EXPORTS IN PASSENGER VEHICLES SEGMENT IN MAY 2019

In the commercial vehicles segment, the drop in May sales stood at -10.02 per cent. A total of 68,847 units of commercial vehicles were sold in May 2019 as compared to 76,517 units 9n the corresponding period last month.

DOMESTIC SALES & EXPORTS IN MEDUIM & HEAVY CV SEGMENT IN MAY 2019

DOMESTIC SALES & EXPORTS IN LCV SEGMENT IN MAY 2019

The two wheeler segment saw a degrowth of -6.73 per cent in domestic sales in May 2019 (1726206 units sold in May 2019 as compared to 1850698 units sold in May 2018. Sale of scooters dipped  - 7.87 per cent (511,724 units in May 2019 as compared to 555467 units in May 2018). Sales of motorcycles fell -4.89 units (1162373 units in May 2019 as compared to 1222164 units in May 2018), while moped sales fell -28.68per cent (52109 units in May 2019 as compared to 73,067 units in May 2018).

According to SIAM, the auto industry produced a total 4,879,375 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-May 2019 as against 5,380,019 in April-May 2018, registering a de-growth (-) 9.31 percent over the same period last year.

Domestic Sales

The sale of Passenger Vehicles declined by (-)18.82 percent in April-May 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 22.98 percent, (-) 6.15 percent and (-) 28.57 percent respectively in April-May 2019 over the same period last year.

The overall Commercial Vehicles segment registered a decline of (-) 8.05 percent in April-May 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 16.72 percent and Light Commercial Vehicles declined by (-) 2.44 percent in April-May 2019 over the same period last year.

Three Wheelers sales declined by (-) 6.56 percent in April-May 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 7.55 percent and Goods Carrier declined by (-) 2.53 percent in April-May 2019 over April-May 2018.

Two Wheelers sales registered a de-growth of (-) 11.68 percent in April-May 2019 over April-May 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 17.67 percent, (-) 8.36 percent and (-) 17.72 percent respectively in April-May 2019 over April-May 2018.

Exports