Auto sales continue to be on slow track in September: report

S Ronendra Singh Updated - October 11, 2019 at 11:41 AM.

According to the latest report by SIAM, all the categories reported decline in sales.

Chennai, 20-08-2012: The automotive industry in India is one of the largest in the world and one of the fastest growing globally. India's passenger car and commercial vehicle manufacturing industry is the sixth largest in the world, with an annual production of more than 4.3 million units in 2012. According to recent reports, India overtook Brazil and became the sixth largest passenger vehicle producer in the world (beating such old and new auto makers as Belgium, United Kingdom, Italy, Canada, Mexico, Russia, Spain, France, Brazil), growing 18 to 20 per cent to sell around three million units in the course of 2012-2013. In 2009, India emerged as Asia's fourth largest exporter of passenger cars, behind Japan, South Korea, and Thailand. In 2010, India beat Thailand to become Asia's third largest exporter of passenger cars. As of 2010, India is home to 40 million passenger vehicles. More than 3.7 million automotive vehicles were produced in India in 2010 (an increase of 33.9%), making the country the second (after China) fastest growing automobile market in the world. According to the Society of Indian Automobile Manufacturers, annual vehicle sales are projected to increase to 5 million by 2015 and more than 9 million by 2020. By 2050, the country is expected to top the world in car volumes with approximately 611 million vehicles on the nation's roads. Photo:S_R_Raghunathan

The automobile sales during the month of September saw a few positive trends owing to festive season offers, but still, they continue to fall on a yearly basis.

According to the latest report by Society of Indian Automobile Manufacturers (SIAM), the passenger car sales declined by more than 33 per cent year-on-year (YoY) in September in the domestic market to 1,31,281units as compared with 1,97,124 units in the same month last year.

The total passenger vehicle sales in the domestic market also declined by 18 per cent to 2,79,644 units during last month as against 3,41,539 units in the corresponding month last year.

In the two-wheeler segment, both scooter and motorcycle sales continue to decline by a double-digit percentage on YoY basis. While the scooter sales during the month were recorded at 5,55,829 units a decline of around 17 per cent (versus 6,66,437 units), the motorcycle sales fell to 10,43,624 units (against 13,60,415 units), a drop of 23 per cent.

In the commercial vehicle segment, the total sales declined by 39 per cent to 58,419 units in September, a drop of 39 per cent YoY as compared with 95,870 units in September 2018.

Total three-wheeler sales also declined by 4 per cent YoY to 66,362 units in September as compared with 69,066 units in the same month last year.

The total across categories declined by more than 22 per cent to 20,04,932 units during September, as compared with 25,84,062 units in September 2018.

Published on October 11, 2019 06:08