Auto sales slump continues in India

The slump in auto sales continues in India. As per the latest data released by Society of Indian Automobile Manufacturers (SIAM), the automotive industry in the country produced a total of 14,427,724 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-September 2019 as against 16,645,330 in April-September 2018, a de-growth of 13.32 percent. The sale of Passenger Vehicles declined by 23.56 percent in H1 FY20 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by 30.30 percent, 3.78 percent and 35.46 percent respectively in April- September 2019 over the same period last year.
Commercial Vehicles sales dipped 22.95 percent in the first six months of 2019-20 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by 35.79 percent and Light Commercial Vehicles declined by 14.69 percent in April-September 2019 over the same period last year.
In the same period, three Wheelers sales declined by 6.66 percent when compared to last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of 6.37 percent and Goods Carrier declined by 7.98 percent in April-September 2019 over a year ago period.

Two Wheelers sales registered a de-growth of 16.18 percent in April-September 2019 over April- September 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by 16.94 percent, 15.24 percent and 25.33 percent respectively in April-September 2019 over April-September 2018.

Exports

During April-September 2019, overall automobile exports grew by 1.29 percent. Passenger Vehicles and Two Wheelers exports grew by 4.38 percent and 4.10 percent respectively. But, Commercial Vehicles and Three Wheelers registered a de-growth of 41.58 percent and 11.59 percent respectively in April-September 2019 over the same period last year.

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