Aug 2019 domestic sales of commercial vehicles slump (-) 39 per cent

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 three-wheeler segment saw a degrowth of –6.93 per cent in domestic sales in Aug 2019 (58818 units sold in Aug 2019 as compared to 63199 units sold in Aug 2018. Sale of passenger carriers dipped – 4.61 per cent (50433 units in Aug 2019 as compared to 52872 units in Aug 2018). Sales of 3 wheeler goods carrier fell -18.81 pc (8385 units in Aug 2019 as compared to 10327 units in Aug 2018)

SALES & EXPORTS IN THREE-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 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.

Exports

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.