Auto Sales in India for FY 2018-19
India’s automobile industry sales volume is not up to the mark in the last year 2018, as the sales have fallen to a low level in the fiscal year 2018-19. It is also noted that the sales for the last year, which was seen as the lowest in the last five years in India.
The reason for the lowest sales is mainly due to higher cost in Insurance, rose of Fuel prices, very few sales in the Festive season and the flood in Kerala last year have affected the volume in the last year.
Domestic Passenger vehicle have reached in a Single digit growth. It was seen as 2.7 percent growth in the last fiscal year. Sale of Commercial vehicle s in the current financial year are estimated at 10 percent and on Two wheeler were said to reach 5 to 7 percent in this current year.
With the increasing cost in the Raw material, the Car manufacturers were also hiked the prices by 2 to 5 percent in the Vehicle, last January 2019. Although the last year’s sales volume were seen at its lowest, still they are making profits and mostly the sales volume are in the positive.
In the Passenger vehicle, Honda were stood with a highest growth of 8 percent with its little sales volume. Maruti Suzuki had a sales volume of 18,62,449 units in the last year, as it was seen 17,53,700 units in the Financial year 2017-18.
In the Two Wheeler sector, Hero motocorp headed in the first based on its volume of 78,20,745 units last year, with a 3.07 percent growth. Suzuki were up headed by its growth of 30 percent in this sector, with a Sales volume of 7,47,506 units.
In the Commercial vehicle, the three above said (M & M, Ashok Leyland and VE Commercial) makers having a growth of more than 10 percent last year, Mahindra and Mahindra leads in the front of 2,48,601 units. In the Three wheelers, Mahindra & Mahindra had a reasonable growth of 22.1 percent for the Fiscal year 2019.
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