Aug 2019 sales of passenger vehicles drop -32pc, 2w -22pc, CVs -39pc, 3w -7pc

Passenger vehicles Aug 2019 sales recorded a minus 31.57 pc slump at 196524 units as compared to 287198 units in Aug 2018. This has been 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 Aug 2019 too showed no signs of recovery. Production of PVs took a hit of 24.42 pc (-) degrowth with 277432 units as compared to 367094units in Aug 2018.

DOMESTIC SALES & EXPORTS IN PASSENGER VEHICLES SEGMENT IN AUG 2019

In the commercial vehicles segment, the drop in Aug sales stood at -38.71 per cent. A total of 51897 units of commercial vehicles were sold in Aug 2019 as compared to 84668 units in the corresponding period last year.

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

DOMESTIC SALES & EXPORTS IN LCV SEGMENT IN AUG 2019

The two-wheeler segment saw a degrowth of -22.24 per cent in domestic sales in Aug 2019 (1514196 units sold in Aug 2019 as compared to 1947304 units sold in Aug 2018. Sale of scooters dipped – 22.19 per cent (520898 units in Aug 2019 as compared to 669416 units in Aug 2018). Sales of motorcycles fell -22.33 pc (937486 units in Aug 2019 as compared to 1207005 units in Aug 2018), while moped sales fell – 21.26 per cent (55812 in Aug 2019 as compared to 70883 units sold in Aug 2018.

SALES & EXPORTS IN TWO WHEELER SEGMENT IN AUG 2019

APRIL- AUGUST 2019 PRODUCTION, DOMESTIC SALES AND EXPORTS

Production

According to SIAM, the auto industry produced a total 12,020,944 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-August 2019 as against 13,699,848 in April-August 2018, registering a de-growth (-) 12.25 percent over the same period last year.

Domestic Sales

The sale of Passenger Vehicles declined by (-) 23.54 percent in April-August 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 29.41 percent, (-) 6.27 percent and (-) 34.04 percent respectively in April-August 2019 over the same period last year.

The overall Commercial Vehicles segment registered a decline of (-) 19.00 percent in April-August 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 28.98 percent and Light Commercial Vehicles declined by (-) 12.70 percent in April-August 2019 over the same period last year.

Three Wheelers sales declined by (-) 7.32 percent in April-August 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 7.25 percent and Goods Carrier declined by (-) 7.64 percent in April-August 2019 over April-August 2018.

Two Wheelers sales registered a de-growth of (-) 14.85 percent in April-August 2019 over April-August 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 17.01 percent, (-) 13.42 percent and (-) 20.39 percent respectively in April-August 2019 over April-August 2018.

Exports

In April-August 2019, overall automobile exports grew by 1.42 percent where Passenger Vehicles and Two Wheelers exports grew by 4.13 percent and 4.52 percent respectively. However, Commercial Vehicles and Three Wheelers registered a de-growth of (-) 44.44 percent, and (-) 12.40 percent respectively in April-August 2019 over the same period last year.