PV sales down 23.54% in first five months of FY20: SIAM

The latest data from the Society of Indian Automobile Manufacturers (SIAM) has stated that the auto industry downturn in India continues for nine consecutive months. 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, said SIAM.

The 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.

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, SIAM data said.

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.

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