Auto Sector Slowdown: Vehicle Sales Decline By Over 22 Per Cent In September

Overall vehicles sales in India have registered a decline of 22.41 per cent in the month of September 2019. It is to be noted that the massive fall in overall vehicles sales comes due to the worst slowdown in India’s auto sector. 

According to a data released by the Society of Indian Automobile Manufacturers (SIAM) released on Friday, the sale of Passenger Vehicles declined by (-) 23.56 percent in April-September 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 30.30 percent, (-) 3.78 percent and (-) 35.46 percent respectively in April-September 2019 over the same period last year. 

The SIAM further said, “The overall Commercial Vehicles segment registered a decline of (-) 22.95 percent in April-September 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 35.79 percent and Light Commercial Vehicles declined by (-) 14.69 percent in April-September 2019 over the same period last year.” 

“Three Wheelers sales declined by (-) 6.66 percent in April-September 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 6.37 percent and Goods Carrier declined by (-) 7.98 percent in April-September 2019 over April-September 2018,” it added. 

“Two Wheelers sales registered a de-growth of (-) 16.18 percent in April-September 2019 over April-September 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 16.94 percent, (-) 15.24 percent and (-) 25.33 percent respectively in April-September 2019 over April-September 2018,” the SIAM’s data noted.

"In April-September 2019, overall automobile exports grew by 1.29 percent where Passenger Vehicles and Two Wheelers exports grew by 4.38 percent and 4.10 percent respectively. However Commercial Vehicles and Three Wheelers registered a de-growth of (-) 41.58 percent, and (-) 11.59 percent respectively in April-September 2019 over the same period last year,” the SIAM data also added.

“The industry produced a total 14,427,724 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-September 2019 as against 16,645,330 in April-September 2018, registering a de-growth (-) 13.32 percent over the same period last year,” it concluded.

It is worth mentioning here that the overall sales of commercial vehicles had witnessed the massive fall. According to SIAM data, vehicles across categories registered a decline of 23.55 per cent to 18,21,490 units from 23,82,436 units in August 2018. India's domestic passenger vehicle sales fell for the tenth straight month in August, declining 31.57 per cent to 1,96,524 units from 2,87,198 units in the year-ago period. On the other hand, domestic car sales were down 41.09 per cent to 1,15,957 units in August 2019 as compared to 1,96,847 units in August 2018.  

Also, Motorcycle sales last month declined by 22.33 per cent to 9,37,486 units as compared to 12,07,005 units a year earlier. The total two-wheeler sales in August 2019 declined 22.24 per cent to 15,14,196 units compared to 19,47,304 units in the year-ago month. Sales of commercial vehicles were down 38.71 percent to 51,897 units in August, the SIAM added. Overall automobile exports grew by 2 per cent. 

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