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.

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.

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.

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