Indian Auto Sales Surge In June: PVs Post Fastest Growth After 2010

By APA Bureau:

India’s vehicle sales across segments surged by 25.23 per cent in June 2018 to 2,279,151 units as against 1,819,926 units dispatched in the same month a year ago. The growth was mainly driven by continued rural demand, favourable base effect and uptick in passenger vehicle sales, among others, says a report of the Society of Indian Automobile Manufacturers (SIAM).
While passenger vehicle sales grew 37.54 per cent to 273,759 units in June, commercial vehicle sales stood at 80,624 units during the month, a growth of 41.72 per cent.
The growth rate in the passenger vehicle segment was highest since October 2010 when it touched 37 per cent.
Total three-wheeler sales in the domestic market saw a jump of 55.89 per cent to 56,884 units in June 2018 as against 36,491 units in the same month previous fiscal, according to the SIAM data. Domestic sales of two-wheelers grew 22.28 percent to 1,867,884 units in June compared to 1,527,509 units.

Passenger Vehicles

Maruti Suzuki India (MSIL) witnessed a growth of 36.3 per cent growth in total sales in June 2018. The carmaker sold a total of 144981 units (domestic +export) in June 2018 compared to 106394 units in the like month previous year.
The sales of Utility Vehicles dominated by Maruti Suzuki Vitara Brezza continued to rise by 39.2 per cent. Maruti Suzuki sold a total of 19321 units in June 2018. This also includes the sales of Gypsy, Ertiga and S-Cross.
Hyundai Motor India (HMIL) posted 21 percent growth in domestic sales to 45,371 units in June 2018 compared to 37,562 units in June 2017.
Tata Motors’ domestic sales in June 2018 grew by 63 percent to 18,213 units. Strong demand for Tiago, Tigor, Hexa and Nexon contributed to the growth. June 2018 also saw the combined production of Tiago and Tigor cross 200,000 units.
Honda Cars India (HCIL) reported a 37.5 percent increase in its domestic wholesales to 17,602 units in June because of strong sales of all new Amaze. The company had dispatched 12,804 units in the domestic market in June 2017.
“The recently launched All New Amaze which has been receiving an overwhelming customers’ response sold a remarkable 9,103 units in June 2018, strongly contributing to company’s growth last month,” HCIL said in a statement.
Another homegrown automaker Mahindra & Mahindra’s passenger vehicle segment which includes UVs, cars and vans, sold 18137 vehicles in June 2018 as against 16212 in the same month last year, a growth of 12 per cent.

Two-wheelers

Hero MotoCorp posted record sales of 704,562 units in June this year compared to 624,185 units sold in the same month a year ago, a growth of 13 percent.
Honda two-wheelers India sold a total of 5,71,020 units in June 2018, up by 28 percent from 4,44,528 units in June 2017. Honda’s domestic sales closed at 5,35,494 units in June 2018 compared to 4,16,365 units in June 2017. Scooter sales grew by 33percent from 2,71,007 units in June 2017 to 3,61,236 units in June 2018.
The cult two-wheeler maker Royal Enfield clocked sales of 74477 units in June 2018, compared to 63610 units in the same month last year, recording a growth of 18 per cent. The company’s total sales included exports of 1489 units, an increase of 27 per cent over June 2017.
Suzuki Motorcycle India (SMIPL) reported 39 percent spike in domestic sales in June at 46,717 units as against 33,573 units sold in the domestic market in the same month a year ago. SMIPL Executive Vice-President Sajeev Rajasekharan said in a media release: “For us to achieve our target of 7 lakh unit sales during this financial year was very important for us to have a strong-first quarter. Now, we would aim to build on this strong-foundation.”
Chennai based TVS Motor’s two-wheeler sales were at 3,01,201 units in June 2018 as against 2,68,638 units in June 2017, a growth of 12.1 percent.

Commercial Vehicles

Ashok Leyland Ltd (ALL) continued its growth in June, with a surge of 28 percent. ALL posted total sales of 15791 units, compared to sales of 12333 vehicles in the same month last year.
Medium and Heavy Commercial Vehicles was zoomed by 22 per cent, with sales of 11257 units, compared to 9205 units in June 2017. The growth in light commercial vehicles stood at 45 per cent, with sales of 4534 units compared to 3128 units in the same month last year.
Tata Motors posted a strong growth of 50 percent in the domestic commercial vehicle segment. The company sold 38560 units in June 2018 compared to 25660 units in the same month last year. Mahindra & Mahindra sold 19,229 vehicles in June 2018, registering a 23 per cent growth. The domestic sales stood at 41,689 vehicles during June 2018, registering a growth of 23 per cent.
In the Medium and Heavy Commercial Vehicles segment, M&M sold 1,108 vehicles for the month. Exports for June 2018 stood at 3466 vehicles, with a high growth of 87 percent.
“We are happy to have garnered an overall growth of 26 percent for June. This growth is driven by both our commercial and personal vehicles portfolio. We hope that macro conditions such as fuel prices, interest rates and raw material prices remain at satisfactory levels to enable us and the automotive industry to grow in the coming months,” Rajan Wadhera, president, Automotive Sector, M&M, said in a media release.
Volvo-Eicher Commercial Vehicles reported 63 per cent growth in total sales at 6930 units in June 2018 as compared to 3921 units in June 2017. This includes 6315 units of Eicher brand and 75 units of Volvo brand.
In the domestic CV market, Eicher branded trucks & buses sold 5496 units June 2018 as compared to 3382 units in June 2017, representing a growth of 62.5percent.
Exports of Eicher branded trucks & buses were at 819 units in June 2018 as compared to 503 units in June 2017, posting a growth of 62.8 percent.

Q1 Of FY18-19

The first quarter (April-June) of 2018-19 witnessed a robust double-digit growth of 18.1 percent for overall automobile domestic wholesales.
Automakers dispatched 6942612 units during April- June 2018 period to their dealers compared to 5882912 units shipped in the same period a year ago.
In the same quarter, the passenger vehicles clocked a strong growth of 19.91 percent at 873,501 units with the highest growth posted by vans at 27.29 percent with domestic sales of 55,078 units.
Utility vehicles registered a 23.22 percent uptick at 234,876 units with cars registering a 17.98 percent with sales of 583,547 units.
Commercial vehicles increased by 51.55 percent to 230,095 units with the medium and heavy commercial vehicle segment growing 83.59 percent to 89,027 units with light commercial vehicles experiencing an upswing of 36.51 percent at 141,068 units.
Growth in two-wheelers remained strong led by the motorcycle segment as the rural market was up and consumers had more disposable income in their hands.
The three-wheeler segment also posted a healthy growth of 54.01 percent at 161,673 units.

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