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Wednesday, 26 July 2017

Automotive Industry - Q1FY’18 (Complete Analysis)

After creating history by crossing the 3 million mark in domestic sales and growing 9.23%, during 2016-17 and 9.96% during March 2017, passenger vehicles have continued their growth streak during April, starting the financial year FY’18 on a promising note.

A double digit growth has been reported by most of the passenger vehicle manufacturers on the back of new product launches led by utility vehicles while for two- wheeler segment growing urbanization in cities and towns revved up the demand.

The commercial vehicle sector on the other hand witnessed a little downfall due to the rollout of the BS-IV emission norms from 1 April 2017 which resulted in price increase of BS-IV vehicles especially in the medium and heavy commercial vehicle segment and buses by 8-10%.

In the passenger vehicle segment, Honda Cars India led the growth, recording the highest sales growth at 21.09% followed by market leader Maruti Suzuki India with an uptick of 13.97%.

Passenger vehicle Market Share in % Q1 FY 2017-18

In two-wheelers two categories are set to drive industry growth - scooters and above250cc motorcycles. In the two-wheeler market, all OEMs have slid in terms of growth rates in Q1FY18 compared to the same quarter last year except for Suzuki Motorcycle India and Piaggio Vehicles.

Two Wheelers Market Share in % Q1 FY2018

The commercial vehicle segment has seen a complete wash out with all the key players facing double digit declines in domestic sales except for M&M and Isuzu Motors.

Commercial Vehicle Market Share in % Q1 FY2018

Another segment is the three-wheelers with Atul Auto alone bucking the trend by turning positive at 11.54% compared to a downslide of 12.1% in Q1 FY17.

Three Wheelers Market Share in % Q1 FY2018

In addition, major commodity prices are on the downward path, vehicle finance rates are also stabilizing after being on the upward trajectory for a long time. The Society of Indian Automobile Manufacturers Association of India has indicated that with the economy moving on the growth path, an improvement is visible in the fortunes of the automotive industry in FY18.

As ratio of Used Automotive to that of the New One is 1:1, Used Automotive Industry is also on the road towards growth. So if you are looking forward to acquire or dispose used vehicle or equipment at optimal prices, visit your nearby Shriram Automall today. You can also click the link below for convenient registration.


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