Automobile sales and production head south in June 2019

Both production and sales continue to take a hit in the Indian auto industry, as the month of June 2019 too shows no signs of recovery. 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 June, the total domestic sales of passenger vehicles, commercial vehicles, three wheelers and two wheelers recorded a -12.34 per cent of negative growth (1997952 units sold in domestic market in June 2019 as compared to 2279186 units sold in June 2018).

The degrowth or negative growth recorded in the passenger vehicles industry domestic sales stood at -17.54 per cent (225732 units in June 2019 as compared to 273748 units in June 2018).

DOMESTIC SALES & EXPORTS IN PASSENGER VEHICLES SEGMENT IN JUNE 2019

In the commercial vehicles segment, the drop in June sales stood at -12.27 per cent. A total of 70771 units of commercial vehicles were sold in June 2019 as compared to 80670 units in the corresponding period last year.

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

DOMESTIC SALES & EXPORTS IN LCV SEGMENT IN JUNE 2019

The two-wheeler segment saw a degrowth of -11.69 per cent in domestic sales in June 2019 (1649477 units sold in June 2019 as compared to 1867884 units sold in June 2018. Sale of scooters dipped  - 14.81 per cent (512626 units in June 2019 as compared to 601761 units in June 2018). Sales of motorcycles fell -9.57 units (1084598 units in June 2019 as compared to 1199332 units in June 2018), while moped sales fell – 21.77 per cent (52253 units in June 2019 as compared to 66791 units in June 2018).

DOMESTIC SALES & EXPORTS IN TWO WHEELER SEGMENT IN JUNE 2019

PRODUCTION & SALES FOR APRIL-JUNE 2019

According to SIAM, the automobile industry produced a total 7,215,513 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-June 2019 as against 8,064,744 in April-June 2018, registering a de-growth (-) 10.53 percent over the same period last year.

Domestic Sales

The sale of Passenger Vehicles declined by (-)18.42 percent in April-June 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 23.32 percent, (-) 4.53 percent and (-) 25.66 percent respectively in April-June 2019 over the same period last year.

The overall Commercial Vehicles segment registered a decline of (-) 9.53 percent in April-June 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 16.60 percent and Light Commercial Vehicles declined by (-) 5.06 percent in April-June 2019 over the same period last year.

Three Wheelers sales declined by (-) 7.35 percent in April-June 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 8.74 percent and Goods Carrier declined by (-) 1.45 percent in April-June 2019 over April-June 2018.

Two Wheelers sales registered a de-growth of (-) 11.68 percent in April-June 2019 over April-June 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 16.72 percent, (-) 8.76 percent and (-) 19.02 percent respectively in April-June 2019 over April-June 2018.

Exports

In April-June 2019, overall automobile exports grew by 0.16 percent where Passenger Vehicles and Two Wheelers exports grew by 3.55 percent and 3.12 percent respectively. However Commercial Vehicles and Three Wheelers registered a de-growth of (-) 52.41 percent, and (-) 12.97 percent respectively in April-June 2019 over the same period last year.