Low Consumer Sentiment and Tight Liquidity Drives Down Vehicle Sales In November 2018

Production

The industry produced a total 21,945,408 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-November 2018 as against 19,502,502 in April-November 2017, registering a growth of 12.53 percent over the same period last year.

Domestic Sales

The sale of Passenger Vehicles grew by 4.90 percent in April-November 2018 over the same period last year. Within the Passenger Vehicles, the sales of Passenger Cars, Utility Vehicle & Vans grew by 5.03 percent, 3.19 percent and 11.43 percent respectively in April-November 2018 over the same period last year.

The overall Commercial Vehicles segment registered a growth of 31.49 percent in April-November 2018 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) increased by 34.45 percent and Light Commercial Vehicles grew by 29.73 percent in April-November 2018 over the same period last year.

Three Wheelers sales increased by 25.16 percent in April-November 2018 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a growth of 28.36 percent and Goods Carrier grew by 12.06 percent in April-November 2018 over April-November 2017.

Two Wheelers sales registered a growth at 10.69 percent in April-November 2018 over April-November 2017. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds grew by 5.77 percent, 13.65 percent and 6.40 percent respectively in April-November 2018 over April-November 2017.

Exports

In April-November 2018, overall automobile exports grew by 20.78 percent. While Passenger Vehicles exports declined by (-) 6.00 percent, Commercial Vehicles, Three Wheelers and Two Wheelers registered a growth of 18.84 percent, 59.29  percent and 22.60 percent respectively in April-November 2018 over the same period last year.