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.
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% |