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Auto Industry continues to decline in May 2019

Nizam Shaikh
Written by Nizam Shaikh

The Society of Indian Automobile Manufacturers has released sales numbers and according to the report, the Indian automotive industry has shown a decline in the sales figures as compared to last year for the same period.

The commercial vehicle market was down by 8.05%. Where the medium and heavy commercial vehicles saw a decline of 16.72% and the light commercial vehicle market saw a decline of 2.44% in April0May 2019 as compared to the figures from last year during the same period.

The passenger car sales declined by 22.98%, utility vehicles sales were down by 6.15% and vans down by 28.57%, making an 18.82% total decline within the passenger vehicle segment in April-May 2019.

The three-wheeler market saw a dip by 6.56%, where goods carrier were down by 2.53% and the passenger carrier sales down by 7.55%.

In the two-wheeler segment, the growth was down by 11.68% and within the sector, the scooters saw minus 17.67%, motorcycles by minus 8.36% and mopeds by minus 17.72% growth in April-May 2019.

Similarly, the exports have also declined and the overall numbers were down by 0.27% in April-May 2019, where commercial vehicles and three-wheelers contributed to a de-growth of 55.01% and 10.91% respectively. But, the passenger vehicles show positive growth of 5.24% and two-wheelers show a growth of 1.65%.

The complete analysis can be summarised by looking at the sales statistics from Vahan Dashboard and SIAM:-

May

April-May

Category 2018 2019 Change in percentage 2018 2019 Change in Percentage
LIGHT MOTOR VEHICLE(NT) 253,356 249,796 -1.41% 500,543 500,107 -0.09%
LIGHT PASSENGER VEHICLE 20,573 20,138 -2.11% 40,780 37,168 -8.86%
FOUR WHEELER (Invalid Carriage) 108 114 5.56% 210 225 7.14%
TOTAL PASSENGER VEHICLES 274,037 270,048 -1.46% 541,533 537,500 -0.74%
HEAVY GOODS VEHICLE 22,924 19,920 -13.10% 50,257 42,891 -14.66%
HEAVY MOTOR VEHICLE(NT) 461 227 -50.76% 922 523 -43.28%
HEAVY PASSENGER VEHICLE 1,908 2,388 25.16% 3,855 4,689 21.63%
LIGHT GOODS VEHICLE 50,984 46,048 -9.68% 103,410 92,695 -10.36%
MEDIUM GOODS VEHICLE 3,274 3,522 7.57% 6,870 7,306 6.35%
MEDIUM MOTOR VEHICLE(NT) 653 1,005 53.91% 1,288 1,982 53.88%
MEDIUM PASSENGER VEHICLE 1,882 2,273 20.78% 3,379 3,807 12.67%
TOTAL COMMERCIAL VEHICLES 82,086 75,383 -8.17% 169,981 153,893 -9.46%
THREE WHEELER(NT) 122 63 -48.36% 238 110 -53.78%
THREE WHEELER(T) 52,986 50,765 -4.19% 107,301 98,857 -7.87%
TOTAL THREE WHEELERS 53,108 50,828 -4.29% 107,539 98,967 -7.97%
TWO WHEELER (Invalid Carriage) 479 403 -15.87% 726 947 30.44%
TWO WHEELER(NT) 1,538,381 1,400,545 -8.96% 2,946,918 2,719,850 -7.71%
TWO WHEELER(T) 1,517 2,125 40.08% 2,414 7,846 225.02%
TOTAL TWO WHEELERS 1,540,377 1,403,073 -8.91% 2,950,058 2,728,643 -7.51%
GRAND TOTAL 1,949,608 1,799,332 -7.71% 3,769,111 3,519,003 -6.64%