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Vehicles production declines 10.5% in Q1 of 2019-20: SIAM

Capital Market 

Vehicles sales decline in all segments in Q1 of 2019-20

As per the data released by the Society of Indian Automobile Manufacturers (SIAM), the industry produced a total 7,215,513 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-June 2019 as against 8,064,744 in April-June 2018, registering a de-growth (-) 10.53% over the same period last year.

Domestic Sales

The sale of Passenger Vehicles declined by (-) 18.42% in April-June 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 23.32%, (-) 4.53% and (-) 25.66% respectively in April-June 2019 over the same period last year.

The overall Commercial Vehicles segment registered a decline of (-) 9.53% in April-June 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 16.60% and Light Commercial Vehicles declined by (-) 5.06% in April-June 2019 over the same period last year.

Three Wheelers sales declined by (-) 7.35% in April-June 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 8.74% and Goods Carrier declined by (-) 1.45% in April-June 2019 over April-June 2018.

Two Wheelers sales registered a de-growth of (-) 11.68% in April-June 2019 over April-June 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 16.72%, (-) 8.76% and (-) 19.02% respectively in April-June 2019 over April-June 2018.

Exports

In April-June 2019, overall automobile exports grew by 0.16% where Passenger Vehicles and Two Wheelers exports grew by 3.55% and 3.12% respectively. However Commercial Vehicles and Three Wheelers registered a de-growth of (-) 52.41%, and (-) 12.97% respectively in April-June 2019 over the same period last year.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 10 2019. 14:58 IST
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