Auto Sales Analysis – Domestic Sales Continues To Decline – TyreCafe

by Editor News


auto-sector

Auto sales in the country continue to remain under pressure in September as purchases have fallen because of shradh period. The auto sector, however, is hopeful to see some rise in sales as consumers return to showrooms because of high discounts, ongoing Navratri festival and Dussehra and Diwali coming in October.

The overall September sales remained negative as leading carmakers like Maruti Suzuki and Tata Motors have reported a fall of 24.8 per cent and 45.39 per cent respectively, giving an indication of a prolonged slowdown in the sector.

Passenger vehicles sales in the month of September had gone down as Maruti Suzuki which holds over 50 per cent of the market is working on BS-VI inventory. The company had sold 115,452 units this month, which is higher than last month sales. The company had sold 97,061 units in August.

Hyundai Motor India sales have also dipped by 14.8 per cent with 40,705 units sold. Mahindra & Mahindra sales also declined by 33 per cent with 14,333 units sold last month.

Volkswagen India had sold 2,550 units of cars in September 2019, which is a 4 per cent increase as compared to the same month last year. The auto manufacturer gave this credit to the new Polo and Vento.

Similarly, in the two-wheeler segment, Hero MotoCorp faced a slowdown of 20.40 per cent with 612,204 units sold in September 2019. Bajaj Auto has also announced a decline of 31 per cent in its two-wheeler sales with 2,15,501 units sold in the month of September this year. Chennai-based TVS Motors sales also witnessed a steep decline of 32.6 per cent.  The company’s motorcycle and scooter sales declined by 25.5 per cent and 16 per cent, respectively.

Suzuki Motorcycles saw a marginal growth of 0.38 per cent in its sales. The company sold 63,382 units in September 2019 as compared with 63,140 units sold last year in the same month.
Coming to commercial vehicles, Tata Motors commercial vehicle sales have dipped by 45.4 per cent. The company sold 28,079 units in September 2019 as compared to 51,419 units in the same month last year.

Mahindra & Mahindra commercial vehicle segment also faced a 21.4 per cent decline in sales of September 2019. The sales of MHCV trucks of the company declined 69 per cent with 408 units sold. Ashok Leyland also announced a decline of 57 per cent in its domestic sales with 7,851 units sold in September 2019.

 
 

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