By APA Bureau:
India’s passenger vehicle and two-wheeler wholesales in August 2018 remained sluggish due to the high base of last year, higher inventory and impact of deluge in the southern state of Kerala.
According to the numbers released by the Society of Indian Automobile Manufacturers (SIAM), the Indian passenger vehicle manufacturers dispatched 287,186 units in August 2018 as against 294,416 units shipped from across the plants in the same month a year ago, registering a decline of 2.46 percent.
Utility vehicles were more hurt as only 73,073 units were delivered to the retailers across the country in August 2018 compared to 78,664 units of utility vehicles shipped from the factories across the country, reporting a decline of 7.11 percent.
Passenger cars wholesales in the last month reported a minor drop of 1.03 percent at 196,847 units over 198,892 units sold in the same month last year. Van reported a year-on-year hike of 2.41 percent in wholesales in August 2018 at 17,266 units.
The decline in passenger vehicle sales has been a reflection of the uncommon decline reported by Maruti Suzuki India (MSIL). The top passenger vehicle maker in India, commanding over 50 percent market share, reported a fall of 2.8 percent in domestic wholesales in August 2018 at 1,47,700 units as against 1,52,000 units in the same month last year. Sales of mini cars comprising Alto and WagonR were at 35,895 units as compared to 35,428 units in August last year, up 1.3 percent.
However, the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, were down 3.6 percent at 71,364 units as against 74,012 units in August last year, the company informed in a press release.
MSIL’s utility vehicles, including Vitara Brezza, S-Cross and Ertiga, were down 16.2 percent at 17,971 units in August as compared to 21,442 units in the year-ago month.
Sales for Hyundai Motor India (HMIL) also declined in August. The company shipped only 45,801 units from its factory compared to 47,013 dispatched in the same month a year ago.
HMIL National Sales Head Vikas Jain commenting on the total sales (domestic +exports) said in a press statement, “Hyundai continues to register strong growth in export markets with 25.8 percent and a total volume of 61,912 units and overall 3.4 percent on the strong performance of Grand i10, New Elite i20 and New 2018 Creta – each continuing to cross over 10,000 sales mark consistently.”
Tata Motors, reported strongest 28 percent growth in August this year at 18,420 units over 14,340 units in the same month the previous year. The key sales driver for the company has been its newly launched compact SUV Nexon and Tiago.
Honda Cars India, despite good response to the recently-launched Amaze and low base, registered monthly domestic wholesales of 17,020 units in August this year, down by 1.98 percent compared to 17,365 in August 2017.
“Kerala floods and heavy rains in many parts of the country combined with GST-related high base effect of August 2017 had an impact on August sales. We hope to recover quickly and keep growing strongly with the roll-out of attractive offers through the festive season ahead,” Rajesh Goel, SVP and Director, Marketing and Sales, Honda Cars India, said.
Toyota Kirloskar Motor reported 17 percent increase in its domestic wholesales at 14,100 units in August 2018. It sold 12,017 units in the domestic market in August 2017, the company informed.
N Raja, Deputy Managing Director, Toyota Kirloskar Motor, said, “We have achieved a growth of 17 percent in sales in August as compared to the same period last year. Despite the impact of the flood condition in Kerala and other parts of South India, we have been able to overcome the challenge with complete support of other dealers across other regions.”
Ford India’s domestic wholesales in August rose 3.42 percent to 8,042 vehicles as against 7,777 units in the same month last year.
With a strong year-on-year growth of 29.56 percent to 84,668 units, commercial vehicle segment reported strongest growth in August 2018. M&HCV grew by 28.54 percent to 34,072 units in the period under review while the LCV grew by 30.25 percent to 50,596 units.
India’s two-wheeler sales grew by 2.9 percent in August 2018 to 1,946,811 units as against 1,891,685 units in the same month a year ago. Motorcycle sales were up by 6.18 percent in the mentioned comparative month as the total dispatch stood at at 1,206,512 units.
The wholesales of scooters dipped marginally by 0.6 percent at 669,416 units in August 2018 as compared to 673,444 units in the same month last year. Moped wholesales sank 13.47 percent at 70,883 units.
Indian two-wheeler market is largely dominated by local players. The country’s largest two-wheeler maker Hero MotoCorp reported total sales (including exports) of 685,047 units in August 2018, marginally up by 0.92 percent as against 678,797 units sold in the same month previous year.
Bajaj Auto reported domestic wholesales of 218,437 units last month, recording a surge of 27.25 percent compared to 171,664 units delivered last year same month. Among its top sellers are its entry-level 100cc commuter motorcycle variants – the CT 100 models along with the Pulsar umbrella.
Chennai-headquartered TVS Motor Company’s wholesales for August 2018 stood at 275,688 units, up by 1.9 percent as against 270,544 units sold in the like month in 2017. The company has posted a YoY growth of 18 percent in its motorcycle sales, which increased from 111,927 units in August last year to 131,743 units in August 2018.
Eicher Motors-owned Royal Enfield’s domestic sales for August stood at 68,014 units, showing two percent growth compared to 66,872 units over the same period last year.
Suzuki Motorcycle India announced its highest-ever monthly domestic sales of 62,446 units during the month of August 2018, registering a growth of 31 percent over August 2017.
Sajeev Rajasekharan, EVP, Suzuki Motorcycle India Pvt Ltd, said, “We owe this tremendous growth to our flagship brand Suzuki Access 125 and the newly-launched Burgman Street 125, which have contributed to more than 55,000 units this month.”
Mainly driven by passenger carriers, the three-wheeler wholesales YoY grew by 22.8 percent to 63,199 units in August 2018.The passenger carrier three-wheelers increased by 26.05 percent to 52,872 units while goods carriers were up by 8.64 percent to 10,327 units.