Bus sales in India down by 4.68% in Q1 FY 2013-14
The Indian bus market had witnessed a 4.68% decline in sales for Q1 FY 2013-14 as against the Q1 FY 2012-13. A total of 26,628 buses were sold during the period as against 27,935 units sold during the same period of last financial year.
The M&HCV segment had witnessed 7.53% decline while LCV sales declined at 1.97%. The bus industry had also witnessed M&HCV segment losing 2% share to LCV.
The sales for M&HCV segment in Q1 FY 2013-14 stood at 12,573 units which is 7.53% less than sales in Q1 FY 2012-13, where 13,597 units were sold. Eicher ended the first quarter of FY 2013-14 on a positive note marking a 37.12% growth in sales as against Q1 FY 2012-13. Volvo on the other hand had seen their sales decade by 29.91% in Q1 Y 2013-14 as against same period of FY 2012-13. Ashok Leyland suffered a 14.61% decline while Tata Motors sales decade at 10.41%.
Segment leader Ashok Leyland saw their market share in this segment reduced to 37% in Q1 FY 2013-14, while they had 40% market share during the Q1 FY 2012-13. Tata’s segment share is reduced to 36% while Eicher improved their share in the segment to 12% in Q1 FY 2013-14 from 8% during Q1 FY 2012-13.
In the LCV Bus segment, Tata Motors’ sales declined by 10.58% while Mahindra underwent 12.28% decline in sales in Q1 FY 2013-14 as against Q1 FY 2012-14. Force Motors sales declined slightly by 1.43%. One of the positives during Q1 FY2013-14 in this segment is achieved by SML Isuzu where their range of buses registered an 83.61% increase in sales against Q1 FY 2012-13. Eicher also registered a 7.51% growth in the LCV Bus segment.
Segment leader Tata lost some share in Q1 FY 2013-14 and now poses 40% share in this segment. Force Motors share stays stable, while Eicher take their share to 13% in Q1 FY 2013-14 from 11% in Q1 FY 2012-13. SML is the best gainer in this segment who improved their share to 8% in Q1 FY 2013-14 against 4% in Q1 FY 2012-13.
Source – ACG, SIAM
To pre-order Complete Analysis on Indian Automobile Industry Q1 FY 2013-14 , including state-wise, macro-economy, price etc. contact email@example.com.