July 2019 sales of passenger vehicles slump -31pc, 2W -17pc, CVs -26pc, 3W -8pc

For the ninth consecutive month, domestic sales of vehicles in India continued with its free fall as passenger vehicles July 2019 sales recorded a minus 30.98pc slump at 200790 units as compared to 290931 units in July 2018. This was revealed in the latest sales and production data released by the Society of Indian Automobile Manufacturers (SIAM).

Both production and sales continue to take a hit in the Indian auto industry, as the month of July 2019 too showed no signs of recovery. Production of PVs too took a hit of 16.52pc (-) degrowth with 310254 units as compared to 371640 units in July 2018.

DOMESTIC SALES & EXPORTS IN PASSENGER VEHICLES SEGMENT IN JULY 2019

In the commercial vehicles segment, the drop in July sales stood at -25.71 per cent. A total of 56866 units of commercial vehicles were sold in July 2019 as compared to 76545 units in the corresponding period last year.

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

DOMESTIC SALES & EXPORTS IN LCV SEGMENT IN JULY 2019

The two-wheeler segment saw a degrowth of -16.82 per cent in domestic sales in July 2019 (1511692 units sold in July 2019 as compared to 1817406 units sold in July 2018. Sale of scooters dipped – 12.10 per cent (526504 units in July 2019 as compared to 598976 units in July 2018). Sales of motorcycles fell -18.88 pc (933996 units in July 2019 as compared to 1151324 units in July 2018), while moped sales fell – 23.71 per cent (51192 in July 2019 as compared to 67106 units sold in July 2018.

SALES & EXPORTS IN TWO WHEELER SEGMENT IN JULY 2019

April—July 2019 production and sales

According to SIAM, the Indian auto industry produced a total 9,724,373 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-July 2019 as against 10,883,730 in April-July 2018, registering a de-growth (-) 10.65 percent over the same period last year.

Domestic Sales

The sale of Passenger Vehicles declined by (-) 21.56 percent in April-July 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 26.45 percent, (-) 7.22 percent and (-) 30.97 percent respectively in April-July 2019 over the same period last year.

The overall Commercial Vehicles segment registered a decline of (-) 13.57 percent in April-July 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 21.63 percent and Light Commercial Vehicles declined by (-) 8.56 percent in April-July 2019 over the same period last year.

Three Wheelers sales declined by (-) 7.43 percent in April-July 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 8.02 percent and Goods Carrier declined by (-) 4.82 percent in April-July 2019 over April-July 2018.

Two Wheelers sales registered a de-growth of (-) 12.93 percent in April-July 2019 over April-July 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 15.58 percent, (-) 11.18 percent and (-) 20.17 percent respectively in April-July 2019 over April-July 2018.

Exports

In April-July 2019, overall automobile exports grew by 1.17 percent where Passenger Vehicles and Two Wheelers exports grew by 1.34 percent and 4.83 percent respectively. However Commercial Vehicles and Three Wheelers registered a de-growth of (-) 47.30 percent, and (-) 12.80 percent respectively in April-July 2019 over the same period last year.