FY17 through the kaleidoscope

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"

Performance of Indian Auto Industry
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%
EXCEL
Performance of Indian Tractor Industry
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%

Growth in Indian Tractor Industry

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