Domestic automobile sales decline 12.34 per cent in June 2019
The Indian automobile industry continues to reel under pressure with the overall domestic sales falling 12.34 per cent to 19,97,952 units in June 2019, the latest SIAM (Society of Indian Automobile Manufacturers) data showed. A total of 22,79,186 units were sold in June 2018.
This is the third straight month of the Financial Year 2019-20 when the overall domestic sales have fallen. A drop of 8.62 per cent was witnessed during May, while the numbers had fallen 15.93 per cent in April.
"The fall is alarming as it comes even before the prices of cars are bound to increase with the shift to BS-VI as well as the introduction of crash test norms and safety features," Auto Today Editor Yogendra Pratap said.
During June 2019, the passenger vehicle sales had declined 17.54 per cent to 2,25,732 units, while the commercial vehicle sales had plunged 12.27 per cent to 70,771 units. There was a drop of 8.79 per cent in the three-wheeler sales to 51,885 units and 11.69 per cent in the two-wheeler sales to 16,49,477 units. Besides, 87 quadricycles were also sold.
With regard to the overall production, there was a 12.98 per cent decline to 23,36,138 units in June 2019. In comparison, the figure stood at 26,84,725 units during the same month last year.
While the production of passenger vehicles slipped 16.28 per cent to 2,67,600 units, the commercial vehicle numbers declined 23.39 per cent to 69,496 units. There was a drop of 20.16 per cent in three-wheeler production to 83,658 units and 11.70 per cent in two-wheeler production to 19,15,195 units. The production of quadricycles plunged 69.57 per cent to 189 units.
Bucking the trend, the overall exports jumped 1.03 per cent to 3,99,228 units in June 2019. There was an export of 3,95,163 units from India in June 2018.
The export of passenger vehicles grew marginally by 0.24 per cent to 56,729 units in June 2019. However, there was a gigantic fall of 48.77 per cent in commercial vehicle numbers to 5,207 units. The export of three-wheelers declined by 17.11 per cent to 39,687 units, while that of two-wheelers rose 6.17 per cent to 2,97,449 units. A plunge of 57.38 per cent to 156 units was registered in the export of quadricycles.