Domestic Auto Sales Continued to Dip in August for 9th Consecutive Month

Domestic Auto Sales Continued to Dip in August for 9th Consecutive Month

Passenger vehicles witnessing the highest decline of 31.57 % at 196,524 units in August 2019 compared to 287,198 units in the year-period even as the overall auto industry reported a decline of 23.55 % at 18,21,490 units when compared to 23,82,436 units in the year-ago period


There appears to be no let up in the gloomy times of the Indian auto industry as domestic sales continued to plunge with passenger vehicles witnessing the highest decline of 31.57 % at 196,524 units in August 2019 compared to 287,198 units in the year-period, according to data released by the Society of Indian Automobile Manufacturer (SIAM).

Significantly, the slowdown in the passenger vehicle segment has continued for over a year notwithstanding the recent fiscal stimulus provided by the government.

All the segments of the Indian auto market remained in the red for the month of August. Two-wheeler sales dipped 22.29 % to 15,14,196 units as compared to 19,47,304 units in August 2018. Commercial vehicles recorded the steepest decline of 38.71 % last month to 51,897 units.

The overall auto industry reported a decline of 23.55 % at 18,21,490 units when compared to 23,82,436 units in the year-ago period. The sale of passenger vehicles declined by 23.54 % at 1,109,930 during the April-August 2019 period compared to the same period last year.

Within the passenger vehicles, the sales for passenger cars, utility vehicle & vans declined by 29.41 %, 6.27 % and 34.04 % respectively in April-August 2019 over the same period last year.

The overall commercial vehicles segment posted a decline of 19 % at 3,17,061 in April-August 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by 28.98 % and Light Commercial Vehicles declined by 12.70 % in April-August 2019 over the same period last year.

Three wheelers sales declined by 7.32 % at 2,64,334 in April-August 2019 over the same period last year. Within the three wheelers, passenger carrier sales registered a de-growth of 7.25 % and Goods Carrier declined by 7.64 % in April-August 2019 over April-August 2018.

Two wheelers sales registered a de-growth of 14.85 % at 8,039,959 in April-August 2019 over April-August 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by 17.01 %, 13.42 % and 20.39 % respectively in April-August 2019 over April-August 2018.