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Indian auto industry witness decline across all segments in April - SIAM

Auto News - Published on Mon, 20 May 2019

Image Source: India Today
Society of Indian Automobile Manufacturers said that Indian auto industry produced a total of 2,363,376 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April 2019 as against 2,646,257 in April 2018, registering a decline of (-) 10.69% YoY. The sale of Passenger Vehicles declined by (-) 17.07% YoY in April 2019. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 19.93% YoY, (-) 6.67% YoY and (-) 30.11% YoY respectively in April 2019.

The overall Commercial Vehicles segment registered a decline of (-) 5.98% YoY in April 2019. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 13.56% YoY and Light Commercial Vehicles declined by (-) 1.10% in April 2019.

Three Wheelers sales declined by (-) 7.44% in April 2019 over the same month last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 9.24% YoY and Goods Carrier declined by (-) 0.17% YoY in April 2019 over April 2018.

Two Wheelers sales registered a de-growth of (-) 16.36% YoY in April 2019 over April 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 25.89% YoY, (-) 11.81% YoY and (-) 5.88% YoY respectively in April 2019 over April 2018.

In April 2019, overall automobile exports declined by (-) 0.05%. While Passenger Vehicles exports grew by 11.60%, Commercial Vehicles, Three Wheelers and Two Wheelers registered a de-growth of (-) 54.32%, (-) 7.53% and (-) 0.04%espectively in April 2019 over the same period last year.

India's monthly automobile output in April dropped by 16pc from a year earlier to 2.36mn passenger vehicles, the worst such slump in eight years.

The fall in automobile output will continue to pressure demand for auto-grade steel, a key source of business for large Indian integrated steel producers

Source :

Posted By : Rabi Wangkhem on Mon, 20 May 2019
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