Page 10 - Automobile Sales
Ashok Leyland truck sales drops 70% in Aug; total M&HCV sales slide 63%
Light commercial vehicle sales dropped by 12% to 3,711 units in August 2019
 "Ashok Leyland truck sales drops 70% in Aug; total M&HCV sales slide 63%")
Auto stocks slide up to 5% as sales see steep fall in August
At 10:00 am, the S&P BSE Auto Index was down 0.7 per cent or 109 points at 15,660, as compared to 0.93 per cent decline in the S&P BSE Sensex
 "Auto stocks slide up to 5% as sales see steep fall in August")
Govt has done its bit, now industry must create demand: BMW Group India CEO
India is not a short-term story and we believe in its long-term growth, said BMW Group India CEO
 "Govt has done its bit, now industry must create demand: BMW Group India CEO")
Passenger vehicle sales drop 11% YoY, but up 4% MoM on monsoon revival
Sales of passenger vehicles and two-wheelers drop YoY in July even as two segments perform better than June
 "Passenger vehicle sales drop 11% YoY, but up 4% MoM on monsoon revival")
Passenger vehicle sales fall 11% in July on weak demand: Dealers' group
Total sales across categories declined by 6% to 1,654,535 units in July as against 1,759,219 units
 "Passenger vehicle sales fall 11% in July on weak demand: Dealers' group")
Auto sales skid 10 months on the trot, new vehicle registrations down 5.4%
Industry cites tight liquidity, dealyed monsoon; dealer inventories brought down with some help from manufacturers
 "Auto sales skid 10 months on the trot, new vehicle registrations down 5.4%")
Automobile sales drop 7.5% YoY in May 2019, two-wheeler worst hit: FADA
Dealers expect the near term outlook for the next 4-6 weeks to be gloomy
 "Automobile sales drop 7.5% YoY in May 2019, two-wheeler worst hit: FADA")
Automobile industry sees 3% decline in December sales on slow dispatches
Sales of passenger vehicles (cars, vans and utility vehicles) slipped by 0.43 per cent to 238,692 units, the fifth monthly decline since July 2018.
 "Automobile industry sees 3% decline in December sales on slow dispatches")
In the fast lane: Trucks, two-wheelers steal the show in December sales
Each of these segments had posted declines in December 2016 owing to demonetisation
 "In the fast lane: Trucks, two-wheelers steal the show in December sales")
Auto sales grew 14% in November
Trend expected to continue in December
 "Auto sales grew 14% in November")
Automobile sales growing at snail's pace in recent years: Siam data
Automobile sales are growing at the slowest pace in recent years. Nut due to three-wheelers or commercial vehicles but the motorcycle, biggest segment of the industry by volume.Sata from the Society of Indian Automobile Manufacturers (Siam) shows the Indian motorcycle market has grown by less than six per cent cumulatively since 2013-14. In the same period, the domestic passenger vehicle market expanded by 21 per cent, commercial vehicles by a little over 12 per cent and three-wheelers by six per cent.Annual domestic volume of motorcycles has remained stuck between 10 and 11 million units a year. While consecutive deficient monsoons (2014 and 2015) were a factor, the larger impact is coming from a shift towards scooters. If we include the latter, the two-wheeler market shows growth of 19 per cent between FY14 and FY17. This implies that all the growth was from scooters.The domestic scooter market has expanded from 3.6 million units in FY14 to 5.6 mn in FY17, growing 55 per cent. ...
 "Automobile sales growing at snail's pace in recent years: Siam data")
70% of Indian automobile sales will be digitally influenced by 2020
Vantage point: Insights from cutting-edge research
 "70% of Indian automobile sales will be digitally influenced by 2020")
