The Indian automotive zone has finished a initial entertain of 2018-19 with a clever double-digit expansion of 18.1 percent opposite segments. Passenger vehicles clocked a clever expansion of 19.91 percent during 873,501 units with a tip expansion posted by vans during 27.29 percent with domestic sales of 55,078 units.
Utility vehicles available a 23.22 percent uptick during 234,876 units with cars induction a 17.98 percent with sales of 583,547 units.
Commercial vehicles were adult 51.55 percent during 230,095 units with a middle complicated blurb car shred flourishing 83.59 percent to 89,027 units with light blurb vehicles experiencing an upswing of 36.51 percent during 141,068 units.
Growth in two-wheelers remained clever led by a motorcycle shred as a farming marketplace was adult and consumers had some-more disposable income in their hands.
The three-wheeler shred also posted a healthy expansion of 54.01 percent during 161,673 units.
The Goods and Services Tax was to be enforced from 1 Jul 2017 and before to a new taxation regime environment in, traders were in a precipitate to repay aged stocks.
Many car makers had prolongation tighten downs and final notation closures took place in expectation of a GST ushering in reduce product prices. Hence, consumers behind their purchases that in spin led to really poignant dump in sales during a May-June period.
A incompatible perspective is however confirmed by Gaurav Vangaal comparison automotive foresee researcher of IHSMarkits who says that a certainty is solemnly returning to a market. That said, a subsequent 6 months are approaching to be resigned with disappearing Rupee opposite a US dollar that will lift costing. Crude oil prices are also approaching to vigour adult fuel prices as a low bottom outcome of final year thins out.In a domestic market, Maruti Suzuki’s sales were driven by clever direct from a rested indication of a Swift besides a frontrunner Baleno and Vitara Brezza models. The new rollout of a Honda Amaze and Toyota Yaris also gathering their volumes in a newcomer car segment, according to HDFC Securities.
Pick-up in infra spending by a government, restrictions on overloading in many states, as good as alleviation in ride potency post GST increasing direct in a blurb car shred with Tata Motors and VECV stating a clever YoY growth.
In a two-wheeler shred many two-wheeler makers like Royal Enfield and Bajaj Auto purebred a clever double number growth.
“The arise in sales has been due to several factors such as aloft infrastructure spending, rising disposable incomes, new launches and farming demand. Passenger vehicles including newcomer cars have seen a fastest sales in a final few years flourishing during around 37 per cent during June. Last year, due to factors such as GST doing and transition from BS-III to BS- VI led to slack in sales, that was also a cause for good numbers in this quarter,” pronounced Vishnu Mathur executive ubiquitous of SIAM.
PV makers money in on new product launches
The biggest carmaker by volumes, Maruti Suzuki India sole 458,967 units during Q1 FY19 in a domestic marketplace flourishing 24.93 percent. The Japanese carmaker also increasing a marketplace share from 51 percent in Q1FY18 to 52.54 percent as did Tata Motors from 6 percent to 6.75 percent in Q1FY19. Among others, Honda Cars India, MM and Hyundai slipped in terms of marketplace share.
On a sales front, a apart second was Hyundai Motor India adult 10.28 percent during 137,114 units.
During this quarter, a Hyundai Creta sole 31,505 units (24,026 units) with a whole SUV shred of Maruti Suzuki including a Vitara Brezza, Gypsy, Ertiga and S-Cross chalking out 65,754 units opposite 57125 units in Q1FY18.
Hyundai’s new Creta SUV was solemnly inching closer to a sales of a Vitara Brezza in May after a latest chronicle was launched, and finally overtook a Maruti Suzuki SUV in June. Hyundai dispatched 11,111 units of a Creta in Jun that was a tad aloft than a 10713 units of a Vitara Brezza.“The expansion in PVs was driven by new indication launches, a pick-up in farming direct and bottom outcome (especially due to low volumes in Jun 2017). The reward brands also available clever expansion during a quarter. We design a altogether PV sales to say double number expansion during FY19, overdue to expectations of a good monsoon, aloft MSPs, aloft GDP expansion rate and new indication launches, offsetting some of a disastrous impacts of arise in fuel costs as good as seductiveness rates,” pronounced Rakesh Batra, Partner and Automotive Sector Leader, EY.
At third spot, Mahindra Mahindra sole 60,539 units adult 8.52 percent with Mahindra Electric Mobility offered another 240 units of a electric vehicles and flourishing 14.29 percent.
Fourth in a pecking sequence was Tata Motors that is in a midst of a Turnaround 2.0 journey.
With a effects visible, newcomer car domestic sales in Q1FY19 clocked 58,969 units a step adult of 48.49 percent.
Growth was driven by clever direct for a Tiago, Tigor, Hexa and Nexon. During this quarter, a sum prolongation of Tiago and a Tigor crossed a 200,000 section milestone. The recently launched Nexon AMT also witnessed clever traction in a market.
At fifth arrange Honda Cars India sole 42,609 units adult 10.49 percent. The new Amaze has contributed significantly to a numbers.
Toyota Kirloskar Motor (TKM) on a other palm sole a sum of 39,238 units an uptick of 51.79 percent.
Meanwhile, Ford India crossed 24,941 units flourishing 18.18 percent reaching a 1 million domestic indiscriminate milestone. Renault posted sales of 20,790 units and was in a red by 16.92 percent.
Nissan India sole a favoured 10,605 units disappearing 15.20 percent. Volkswagen was also down 14.99 percent during 9159 units.
Two-wheelers rev ahead
In a two-wheeler market, Bajaj Auto was a usually manufacturer to raise a marketplace share to 10.46 percent in Q1FY19 from 9 percent in Q1FY18. Other tip 4 players in this shred mislaid marketplace shares including Hero MotoCorp and Honda Motorcycle Scooter India.
Hero slipped marginally from 37 percent to 36.29 percent in Q1FY19 while HMSI was down to 29.77 percent from 30 percent in Q1FY18.
However, in terms of sales volumes, Hero MotoCorp, continued to reason a numero uno position achieving sales of 2060342 units adult 13.75 percent.
Nipping during a heels was Honda Motorcycle Scooter India that has been usually dwindling Hero’s lead. HMSI sole 1690423 units while TVS Motor Company was a apart third during 734011 units flourishing 8.81 percent.
The expansion in motorcycles was essentially helped by a farming economy, pushing 22.7 percent expansion in a next 110cc segment. Scooters moderated after 4 uninterrupted buliding of double number growth, as volumes declined in May 2018, partly due to a high bottom in FY18, ability constraints and approaching register improvement by OEMs.
The dual wheeler shred is also approaching to declare a double number expansion in a year, pronounced Batra.
Bajaj Auto sole 594234 units in a domestic marketplace flourishing 39.31 percent. The association has a clever trade concentration and has been flourishing usually overseas.
Royal Enfield posted a clever double number expansion during 22.83 percent during 219725 units. India Kawasaki Motors was tighten behind during 203335 units flourishing marginally during 2.32 percent. Suzuki Motorcycle India sole 152110 units, an uptick of 39.81 percent.
UM Lohia Two-wheelers still a border actor sole 1630 units adult 10.58 percent while Mahindra Two-wheelers matched it with sales of 1390 units disappearing 62.08 percent.
Harley Davidson Motor Company ranked tenth during a April-June entertain with sales of 707 units, in a red by 21.53 percent.
Commercial Vehicles continue expansion momentum
In a CV market, marketplace personality Tata Motors posted domestic sales of 105,610 units an boost of 74.72 percent. It also bettered a marketplace share in CVs from 40 percent in Q1FY18 to 45.89 percent in Q1FY19.
Post a Supreme Court statute on a transition of glimmer norms from BS-III to BS-IV, sales were influenced final year as there was a outrageous pre-buy and also a singular supply of BS-IV vehicles. This year, a continued expansion was on a behind of a economy stability to uncover an uptick due to a softened industrial activity, clever direct in private expenditure and supervision spending on infrastructure.
Demand for MHCV trucks continued to be increasing by a government’s concentration on infrastructure development, highway construction, building of irrigation comforts and affordable housing projects opposite a country.
The ILCV lorry shred was led by e-commerce, increasing farming expenditure and launch of new products.
“Our channel check with dealers confirms healthy opinion for tippers and construction trucks opposite several markets. This along with a healthy direct from consumption-led sectors and farming markets will continue to support CV sales in FY 2019,” elaborated Shamsher Dewan, Sector Head – Corporate Ratings, ICRA.
“Going forward, a shred is approaching to means expansion on a behind of softened altogether spending, stirring elections in 2019 and certain macroeconomics. Overall, a CV attention is approaching to declare double number expansion in FY19, somewhat moderating from a stream levels as a bottom outcome wears off in a remaining quarters,” combined Batra.
Second in a pecking sequence in a CV zone was Mahindra Mahindra with sales of 56,940 units adult 22.58 percent. At third position, Ashok Leyland was adult 51.14 percent with sales of 38119 units.
Volvo Eicher Commercial Vehicles Eicher code during 14153 units saw an upswing of 42.77 percent while a Volvo code with sales of 198 units grew 141.46 percent. VECV also softened a marketplace share from 6 percent to 6.15 percent in Q1FY19. MM, Force Motors and Ashok Leyland dipped in terms of marketplace share.
Force Motors during fifth arrange sole 5188 units and was adult 9.50 percent with Maruti Suzuki offered 4873 units of a Super Carry and flourishing 366.32 percent on a low bottom of final year.
Three-wheelers zip along
In a three-wheeler market, Bajaj Auto led a conflict adult 80.39 percent during 94431 units. Piaggio Vehicles stacking adult during second arrange sole 40401 units, adult 25.83 percent. Bajaj Auto was a usually actor in this marketplace that peaked a marketplace share from 50 percent to 58.40 percent in Q1FY19. Piaggio was down from 31 percent to 24.98 percent in FY19.