FY16 through the kaleidoscope

The year was a turnaround for the Indian automotive industry (excluding two wheelers), witnessing a growth of 7.1%. Demand was driven by the Indian economy continuing the growth path, coupled with moderate inflation and low commodity prices. However, the tractor industry saw a steep decline due to monsoon failure for the second consecutive year.

Performance of Indian Auto Industry
Segment Auto Industry (Domestic Sales) YOY Growth
  FY14 FY15 FY16 FY14 FY15 FY16
Cars 17,86,826 18,77,706 20,25,479 5.1% -4.7% 7.9%
Utility Vehicles 5,25,839 5,52,135 5,86,664 -5.0% 5.0% 6.3%
Vans 1,90,844 1,71,395 1,77,535 -19.6% -10.2% 3.6%
Total Passenger Vehicles 25,03,509 26,01,236 27,89,678 -6.1% 3.9% 7.2%
MHCV 2,00,500 2,32,755 3,02,373 -25.4% 16.1% 29.9%
   MHCV Passenger 38,709 36,837 43,885 -17.5% -4.8% 19.1%
   M+ICV Goods (7.5 to 16.2T) 73,679 70,305 88,591 -30.2% -4.6% 26.0%
   HCV Goods (>16.2T) 88,112 1,25,613 1,69,897 -24.2% 42.6% 35.3%
LCV 4,32,221 3,82,193 3,83,331 -17.6% -11.6% 0.3%
   LCV Passenger 42,808 44,816 48,960 -10.6% 4.7% 9.2
   LCV Goods < 2T GVW 51,66,974 1,31,455 1,16,560 -32.5% -21.3% -11.3%
   LCV Goods 2 to 3.5T GVW 1,93,025 1,77,132 1,83,414 1.4% -8.2% 3.5%
   LCV Goods > 3.5T GVW 29,414 28,790 34,397 -24.2% -2.1% 19.5%
Total Commercial Vehicles 6,32,721 6,14,948 6,85,704 -20.2% -2.8% 11.5%
3W Passenger 3,85,384 4,31,984 4,41,091 -12.6% 12.1% 2.1%
3W Goods 94,701 1,00,642 97,001 -2.5% 6.3% -3.6%
Total 3 Wheelers 4,80,085 5,32,626 5,38,092 -10.8% 10.9% 1.0%
Scooters 36,02,744 45,00,920 50,31,678 23.2% 24.9% 11.8%
Motorcycles 1,04,79,817 1,07,26,013 1,07,00,466 3.9% 2.3% -0.2%
Mopeds 7,22,920 7,48,628 7,23,767 -8.3% 3.6% -3.3%
Total 2 Wheelers 1,48,05,481 1,59,75,561 1,64,55,911 7.3% 7.9% 3.0%
Total Domestic 1,84,21,796 1,97,24,371 2,04,69,385 3.5% 7.1% 3.8%
Domestic (Excl. 2W) 36,16,315 37,48,810 40,13,474 -9.5% 3.7% 7.1%
EXCEL
Performance of Indian Tractor Industry
HP Segment Industry(Tractor Sales) YOY Growth
  FY14 FY15 FY16 FY14 FY15 FY16
<20 22,252 24,081 22,911 20.0% 8.2% -4.9%
20-30 48,562 35,785 30,043 0.20% -26.3% -16.0%
30-40 2,23,141 2,02,308 1,81,059 16.30% -9.3% -10.5%
40-50 3,08,482 2,55,953 2,26,571 28.60% -17.0% -11.5%
>50 31,219 32,836 32,913 9.30% 5.2% 0.2%
Total 6,33,656 5,50,963 4,93,497 20.20% -13.1% -10.4%

Growth in Indian Tractor Industry

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