Page 15 - Automobile Sales

Automobile sales drop 7.5% YoY in May 2019, two-wheeler worst hit: FADA

Dealers expect the near term outlook for the next 4-6 weeks to be gloomy

Automobile industry sees 3% decline in December sales on slow dispatches

Sales of passenger vehicles (cars, vans and utility vehicles) slipped by 0.43 per cent to 238,692 units, the fifth monthly decline since July 2018.

In the fast lane: Trucks, two-wheelers steal the show in December sales

Each of these segments had posted declines in December 2016 owing to demonetisation

Auto sales grew 14% in November

Trend expected to continue in December

Automobile sales growing at snail's pace in recent years: Siam data

Automobile sales are growing at the slowest pace in recent years. Nut due to three-wheelers or commercial vehicles but the motorcycle, biggest segment of the industry by volume.Sata from the Society of Indian Automobile Manufacturers (Siam) shows the Indian motorcycle market has grown by less than six per cent cumulatively since 2013-14. In the same period, the domestic passenger vehicle market expanded by 21 per cent, commercial vehicles by a little over 12 per cent and three-wheelers by six per cent.Annual domestic volume of motorcycles has remained stuck between 10 and 11 million units a year. While consecutive deficient monsoons (2014 and 2015) were a factor, the larger impact is coming from a shift towards scooters. If we include the latter, the two-wheeler market shows growth of 19 per cent between FY14 and FY17. This implies that all the growth was from scooters.The domestic scooter market has expanded from 3.6 million units in FY14 to 5.6 mn in FY17, growing 55 per cent. ...

70% of Indian automobile sales will be digitally influenced by 2020

Vantage point: Insights from cutting-edge research