MANAGING DIRECTOR'S
message
"We ended this year on a high note, even against the backdrop of demonetisation and a series
of external challenges faced by our businesses".
"We ended this year on a high note, even against the backdrop of demonetisation and a series
of external challenges faced by our businesses".
The auto industry faced a series of disruptions this year, beginning with the impact of NGT ban on sale of larger diesel vehicles in NCR region and ending with the surprise verdict by the Hon'ble Supreme Court to ban the sale of BSIII vehicles from 31st March 2017.
Tractors, however, looked more favourable. A good monsoon, coupled with Government policies on irrigation, infrastructure and a more rural-focussed budget - all upped/boosted the demand for tractors in FY17"
| Segment | Auto Industry (Domestic Sales) | YOY Growth | ||||
|---|---|---|---|---|---|---|
| FY15 | FY16 | FY17 | FY15 | FY16 | FY17 | |
| Cars | 18,77,706 | 20,25,097 | 21,02,996 | 5.1% | 7.8% | 3.8% |
| Utility Vehicles | 5,52,135 | 5,86,576 | 7,61,997 | 5.0% | 6.2% | 29.9% |
| Vans | 1,71,395 | 1,77,535 | 1,81,734 | -10.2% | 3.6% | 2.4% |
| Total Passenger Vehicles | 26,01,236 | 27,89,208 | 30,46,727 | 3.9% | 7.2% | 9.2% |
| MHCV | 2,32,755 | 3,02,397 | 3,02,529 | 16.1% | 29.9% | 0.0% |
| MHCV Passenger | 36,837 | 43,909 | 47,262 | -4.8% | 19.2% | 7.6% |
| M+ICV Goods (7.5 to 16.2T) | 70,305 | 88,591 | 89,357 | -4.6% | 26.0% | 0.9% |
| HCV Goods (>16.2T) | 1,25,613 | 1,69,897 | 1,65,910 | 42.6% | 35.3% | -2.3% |
| LCV | 3,82,193 | 3,83,307 | 4,11,703 | -11.6% | 0.3% | 7.4% |
| LCV Passenger | 44,816 | 48,936 | 50,864 | 4.7% | 9.2% | 3.9% |
| LCV Goods < 2T GVW | 1,31,455 | 1,16,555 | 1,16,890 | --21.3% | -11.3% | 0.3% |
| LCV Goods 2 to 3.5T GVW | 1,77,132 | 1,83,419 | 2,07,610 | -8.2% | 3.5% | 13.2% |
| LCV Goods > 3.5T GVW | 28,790 | 34,397 | 36,339 | -2.1% | 19.5% | 5.6% |
| Total Commercial Vehicles | 6,14,948 | 6,85,704 | 7,14,232 | -2.8% | 11.5% | 4.2% |
| 3W Passenger | 4,31,984 | 4,40,978 | 4,02,034 | 12.1% | 2.1% | -8.8% |
| 3W Goods | 1,00,642 | 97,230 | 1,09,624 | 6.3% | -3.4% | 12.7% |
| Total 3 Wheelers | 5,32,626 | 5,38,208 | 5,11,658 | 10.9% | 1.0% | -4.9% |
| Scooters | 45,00,920 | 50,31,678 | 56,04,601 | 24.9% | 11.8% | 11.4% |
| Motorcycles | 1,07,26,013 | 1,07,00,406 | 1,10,94,543 | 2.30% | -0.24% | 3.68% |
| Mopeds | 7,48,628 | 7,23,767 | 8,90,367 | 3.60% | -3.32% | 23.02% |
| Total 2 Wheelers | 1,59,75,561 | 1,64,55,851 | 1,75,89,511 | 7.90% | 3.01% | 6.89% |
| Total Domestic | 1,97,24,371 | 2,04,68,971 | 2,18,62,128 | 7.10% | 3.78% | 6.81% |
| Domestic (Excl. 2W) | 37,48,810 | 40,13,120 | 42,72,617 | 3.70% | 7.05% | 6.47% |
| HP Segment | Industry(Tractor Sales) | YOY Growth | ||||
|---|---|---|---|---|---|---|
| FY15 | FY16 | FY17 | FY15 | FY16 | FY17 | |
| <20 | 24,081 | 22,911 | 23,556 | 8.20% | -4.86% | 2.82% |
| 20-30 | 35,785 | 30,225 | 30,558 | -26.30% | -15.54% | 1.10% |
| 30-40 | 2,02,308 | 1,80,904 | 2,01,682 | -9.30% | -10.58% | 11.49% |
| 40-50 | 2,55,953 | 2,26,627 | 2,84,706 | -17.00% | -11.46% | 25.63% |
| >50 | 32,836 | 32,830 | 41,582 | 5.20% | -0.02% | 26.66% |
| Total | 5,50,963 | 4,93,497 | 5,82,084 | -13.10% | -10.43% | 17.95% |
