Domestic sales for Light Commercial Vehicles, Utility Vehicles (Passenger Car Segment) and Scooters (Two Wheeler segment) continued to maintain their robust double digit growth in the month of October 2017 following the growth in the month of September and August 2017. The festival season in the month of October 2017 witnessed relatively marginal growth over the same period last year as festivals were spread out in the months of October and September 2017 as compared to all of them coming in the month of October last year.
The industry produced a total 17,097,096 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-October 2017 as against 15,811,071 in April-October 2016, registering a growth of 8.13 percent over the same period last year.
The sale of Passenger Vehicles grew by 7.67 percent in April-October 2017 over the same period last year. Within the Passenger Vehicles, Passenger Cars, Utility Vehicle and Vans grew by 4.72 percent, 16.95 percent and 2.86 percent respectively in April-October 2017 over the same period last year.
Maruti Suzuki India Limited sold a total of 146,446 units in October 2017, growing 9.5% over the same period of last fiscal. This includes 136,000 units in the domestic market and 10,446 units of exports. The Company had sold a total of 133,793 units in October 2016. Sales were driven by a 29.8% increase in the utility vehicles segment on the back of new launches, including a refreshed version of the premium compact sport utility vehicle, or SUV, S-Cross.
Mahindra and Mahindra saw a drop in sales in the month of October 2017. Passenger sales went down by 5 per cent with the company selling 23,413 vehicles in October 2017, as against 24,737 vehicles during October 2016.
The overall Commercial Vehicles segment grew by 6.04 percent in April-October 2017 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 5.38 percent, however, Light Commercial Vehicles grew by 13.97 percent in April-October 2017 over the same period last year.
Commercial vehicle maker Ashok Leyland continued its growth run in October, with a step up of 3 per cent. The CV manufacturer posted total sales of 12,914 units compared to sales of 12,534 vehicles in the same month last year. Medium and Heavy Commercial Vehicles were down by 5 per cent with sales of 9,110 units compared to 9,575 units in October 2016. The uptick in light commercial vehicles was higher at 29 per cent with sales of 3,804 units compared to 2,959 units in the same quarter last year.
Three Wheelers sales declined by (-) 6.27 percent in April-October 2017 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 8.52 percent, however, Goods Carrier grew by 3.83 percent in April-October 2017 over April-October 2016.
Two Wheelers sales registered a growth at 8.09 percent in April-October 2017 over April-October 2016. Within the Two Wheelers segment, Scooters and Motorcycles grew by 14.63 percent and 5.93 percent respectively, while Mopeds declined by (-) 7.08 percent in April-October 2017 over April-October 2016.
Riding on robust consumer demand for its range of motorcycles and scooters, Hero MotoCorp Ltd., the world’s largest two-wheeler manufacturer, sold record 2 million units in retail sales in the domestic market in the just-concluded festive season. Carrying on the momentum of robust sales during the festive period, Hero MotoCorp despatched 631,105 units of two-wheelers in October, clocking its 6th consecutive month of six-lakh plus sales. The sturdy sales in October has come on top of the strong base of 663,153 units in October 2016, which were helped by the festive period coming later than it did this year.
In April-October 2017, overall automobile exports grew by 10.37 percent. Two and Three-Wheeler Segments registered a growth of 15.87 percent, and 17.93 percent respectively while Passenger Vehicles and Commercial Vehicles declined by (-) 4.13 percent and (-) 28.05 percent respectively in April-October 2017 over the same period last year.