ACG published the Indian Automotive Industry Analysis HY1 FY 2020 report. The report covers various Industry factors that are relevant to the Indian Automotive Industry.
The Indian Automotive Industry showed negative growth in all Automobile categories in HY1 FY 2020 compared to HY1 FY 2019.
Sales: HY 1 FY 2020 Indian Automobile Industry registered 17%, Commercial Vehicle 23%, MHCV 36%, LCV 15%, Passenger vehicle 24%, Two Wheeler 16%, and Three Wheeler 7% degrowth.
Production: HY 1 FY 2020 Indian Automobile Industry registered 13%, Commercial Vehicle 27%, MHCV 38%, LCV 19%, Passenger vehicle 16%, Two Wheeler 13%, and Three Wheeler 8% degrowth.
Export: HY 1 FY 2020 Indian Automobile Industry registered 1% growth, Passenger vehicle 4% growth, Two Wheeler 4% growth, Commercial Vehicle 42%, MHCV 53%, LCV 31%, and Three Wheeler 12% degrowth.
In the Passenger Vehicle segment, Hyundai gained 6% market share in HY1 FY 2020 due to its newly launched product position and customer acceptance.
Key highlights of the report:
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