PV sales News

November sees a 4% YoY surge in domestic passenger vehicle wholesales, reaching a peak, led by strong demand, especially for utility vehicles.

Two-wheeler sales declined 16.08 percent. Commercial vehicle sales also slipped 29.53 percent. Three-wheeler sales fell 49.65 percent.

PV sales stood at 2,94,817. Two-wheeler sales declined 8.78%. Commercial vehicle sales slipped 24.99%.

2-Wheeler degrew by 26.82%. 3-Wheeler degrew by 64.50%. CV degrew by 30.32%.

2-Wheeler posted degrowth by 12.62 percent 3-Wheeler degrew by 58.86 percent. CV degrew by 33.65 percent.

On yearly comparison, 2-Wheeler segment witnessed degrowth by -28.71% 3-Wheeler degrows by -69.51% CV degrows by -57.39% and PV by -7.12%.

On a Year on Year basis, 2-Wheeler segment showed degrowth by 40.92 percent 3-Wheeler showed degrowth by 75.43 percent. CV showed degrowth by 83.83 percent, and PV by 38.34 percent.

Of the total off-take, domestic sales fell nearly 36 per cent to 94,728 automobiles. Domestic passenger vehicle sales were down 36.1 per cent at 93,173 units from 1,45,895 during the corresponding month last year, Maruti Suzuki said in a statement.

The industry produced a total 7,215,513 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-June 2019 as against 8,064,744 in April-June 2018, registering a de-growth 10.53 percent over the same period last year.

Two-wheeler sales declined by 8.6 percent to 14,07,361 units last month as compared with 15,40,377 units in the year-ago period.

ICRA, which had earlier projected a growth of 8-9 percent, however, maintained stable outlook on domestic passenger vehicles (PVs) industry for the year.

Motorcycle sales last month grew by 6.18 percent to 12,06,512 units as compared to 11,36,322 units in August 2017.

Automobile manufacturers led by Maruti Suzuki posted robust passenger vehicles (PV) sales growth in August riding on strong consumer sentiment ahead of the festive season.

Passenger vehicle sales in India rose by 8.63 percent in May, mainly driven by strong sales of utility vehicles.

Domestic passenger vehicle sales are expected to grow by 7-9 percent in 2017-18, with 7th Pay Commission payout and better rabi output likely to support growth, according to auto industry body SIAM.

Motorcycles sales last month were at 9,15,199 units as against 9,46,754 a year earlier, down 3.33 percent.

Passenger vehicle sales in India are poised to cross the three million units milestone this fiscal as new models and compact SUVs serve pent up demand from customers with better disposable incomes in both urban and rural areas.