FY18 through the kaleidoscope

For the year under review, improvement in overall economic sentiment, two consecutive years of normal monsoon, Government's focus on development of rural parts of the country, and the continued investment on the Agriculture and Infrastructure Sectors, coupled with easy availability of affordable finance helped drive the demand for the automotive as well as the tractor industry.

Performance of India Auto Industry
Segment Domestic Sales YOY Growth
Industry Segment FY17 FY18 FY16 FY17 FY18
Cars 21,03,847 21,73,950 7.80% 3.90% 3.30%
Utility Vehicles 7,61,998 9,21,780 6.20% 29.90% 21.00%
Vans 1,81,737 1,92,235 3.60% 2.40% 5.80%
Total Passenger Vehicles 30,47,582 32,87,965 7.20% 9.30% 7.90%
MHCV 3,02,567 3,40,313 29.90% 0.10% 12.50%
   MHCV Passenger 47,310 35,649 19.20% 7.70% -24.60%
   M+ICV Goods (7.5 to 16.2T) 89,357 92,232 26.00% 0.90% 3.20%
   HCV Goods (>16.2T) 1,65,900 2,12,432 35.30% -2.40% 28.00%
LCV 4,11,515 5,16,140 0.30% 7.40% 25.40%
   LCV Passenger 50,750 49,009 9.20% 3.70% -3.40%
   LCV Goods < 2T GVW 1,16,901 1,65,479 -11.30% 0.30% 41.60%
   LCV Goods 2 to 3.5T 2,07,600 2,55,599 3.50% 13.20% 23.10%
   LCV Goods > 3.5T GVW 36,264 46,053 19.50% 5.40% 27.00%
Total CV 7,14,082 8,56,453 11.50% 4.10% 19.90%
3W Passenger 4,02,189 5,17,423 2.10% -8.80% 28.70%
3W Goods 1,09,690 1,18,275 -3.40% 12.80% 7.80%
Total 3W 5,11,879 6,35,698 1.00% -4.90% 24.20%
Scooters 56,04,673 67,19,911 11.80% 11.40% 19.90%
Motorcycles 1,10,94,547 1,26,13,241 -0.20% 3.70% 13.70%
Mopeds 8,90,518 8,59,520 -3.30% 23.00% -3.50%
Total 2W 1,75,89,738 2,01,92,672 3.00% 6.90% 14.80%
Total Domestic 2,18,63,281 2,49,72,788 3.80% 6.80% 14.20%
Domestic (Excl. 2W) 42,73,543 47,80,116 7.10% 6.50% 11.90%
EXCEL
Performance of Indian Tractor Industry
HP Segment % share FY18 Growth
Total 100% 7,09,308 21.90%
<20 HP 3.90% 27,564 17.00%
20-30 HP 5.60% 40,042 31.00%
30-40 HP 35.90% 2,54,410 26.10%
40-50 HP 47.10% 3,34,329 17.40%
>50 HP 7.50% 52,963 27.40%

Growth in Indian Tractor Industry

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