Enduring hurdle in Indian Automotive Industry

Publish Date : December, 2019

ACG has released the analysis report of the Indian Automobile Industry lately in Nov 2019.
The report subsumed both automotive factors and market dynamics of the Indian automotive industry. The market dynamics embracing qualitative and quantitative analysis are laid out distinctly. The report Nov 2019 bespeak negative growth in all major categories of Automobile industry compared to that of Nov 2018’s report.

Indian Automotive Market Analysis Nov 2019

Sales: By report 2019, Automobile Industry has gauged 12%, Commercial Vehicle 15%, MHCV 26%, LCV 5%, Passenger vehicle 1%, Two-Wheeler 14% degrowth whereas three-Wheeler gauged for 4% growth.

Bus MHCVs and LCV segments recorded 63% and 23% growth respectively on Nov 19 compared to Nov 18. Truck segment is critically suffering which accounted for 33% registrations, which is 5% degrowth on Nov 19 compared to Nov 18.

Production: In Nov 2019, Indian Automobile Industry is recorded for 1%, Commercial Vehicle 16%, MHCV 45%, LCV 3%, Two-Wheeler 2% degrowth, albeit Passenger vehicle is recorded for 4%, and Three-Wheeler 7% growth compared to that of the Nov 2018 report.

Export: By Nov 2019 report, Indian Automobile Industry recorded 18%, Passenger vehicle 20%, Two-Wheeler 22%, and Three-Wheeler 2% growth. While MHCV is registered for 48%, LCV 8% and Commercial Vehicles accounted for 29% degrowth.

Passenger vehicle segment has increased its share from 13% to 15%,
while commercial vehicle and Two-Wheeler Industry has lost 1% and 2% market share respectively in Nov 2019 compared to that of Nov 2018 report.

OEM Performance – Key findings:

Indian UV Market registered 33% Growth in Nov 2019. Renault Triber begins to be a key model to increase its market share from 1 to 7%. Once Mahindra was imposing the Indian UV market, but now it’s constantly losing the grip and has lost a 6% market share in Nov 2019.

Indian SUV and MUV Market Analysis Nov 2019

In the MHCV Bus segment, Ashok Leyland increased 25% market share which is an exceptionally excellent upshot, and its nearest competitor Tata Motors lost 22% market share.

Indian Commercial vehicle Market Analysis Nov 2019

In the MHCV Truck segment, Ashok Leyland lost 8% market share whereasTata Motors increased 6% market share. Volvo & Eicher Trucks increased 1% market share as well.

In the LCV Bus segment, Mahindra increased its market share by 15% but Tata Motors lost 11% market share. In the LCV Truck segment, with tenacious advertising, Tata Motors increased its market share by 2%.

In the Two-Wheeler Scooter segment, Honda once again increased its market share and moved from 51% to 58%, likewise Suzuki from 9% to 12% but Hero lost 5% of its market share.

Leave a Reply

Your email address will not be published. Required fields are marked *

Post Purchase 24x7 support
RECOMMENDED REPORTS

Want to Continue the Conversation?

Speak to Our Experts